Stocks to watch: Olam, Top Glove, UMS Integration
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On March 3, Olam Group announced a US$100 million financing facility for its Olam Agri unit, which will support rice flow to Africa after a stake sale to the Saudi Agricultural and Livestock Investment Company. Olam's shares fell 4.4% to S$0.875. Top Glove appointed Lim Jin Feng and Ng Yong Lin as joint managing directors, succeeding Lim Cheong Guan on April 1. Top Glove's shares dropped 4.2% to S$0.182 before the announcement.
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