Singapore shares may have a cautious start on Monday following a mixed performance in U.S. stocks, with rubber producer GMG Global Ltd likely to be in focus after reporting a 24.5 percent fall in first-quarter net profit from a year ago.
NORMALLY when a company announces a rights issue, the stock price dives. In the case of GMG Global, the counter not just held steady, but has risen since last Thursday's announcement of 1-for-1 renounceable rights.
RUBBER plantation owner GMG Global's shares recovered from an initial drop yesterday to close up 2.1 per cent after it unveiled plans to raise net proceeds of $344.1 million through a sharply discounted rights issue.
SINGAPORE - SINGAPORE-LISTED rubber producer GMG Global said on Monday its plantation and processing facilities in the Ivory Coast will temporarily halt operations due to a country-wide curfew and disruption in transportation.
The article on this company has not been written yet. If you're the first person to write this article, it's a sure thing that you'll be credited as a Top Contributor. For tips on getting started, check out the sample article.