Wednesday, Jun 3, 2015Wednesday, Jun 3, 2015

Temasek-Olam deal: Many factors behind whether firm is publicly queried, SGX says

Published on Mar 16, 2014 9:15 PM

When assessing whether or not to issue a public query to a firm about unusual activity in the trading of its shares, the Singapore Exchange takes into account several factors, including the firm's financials, the outlook of the industry it is in and analyst reports.

The SGX will issue the query if the unusual trading activity cannot be explained by these factors.

The bourse operator made this statement on Sunday, after several commentators had asked why it had not queried Olam when its share price and trading turnover had surged in the past few weeks - before Friday's announcement that Temasek Holdings was planning a $2.5 billion takeover of the firm.

Corporate adviser and stock activist Mano Sabnani had also asked why Temasek or Olam had not requested a trading halt much earlier.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!