PRE-MARKET SINGAPORE STOCK NEWS: Olam (OLAM SP) is to sell all of Mindsprint shares to Wipro (WPRO IS) for USD 375mln
Olam's sale of Mindsprint to Wipro for USD 375 million indicates a significant strategic shift, potentially redirecting capital for other growth initiatives.
Iran announces explosions in Tehran and Qom, while air defences were activated in various areas of the capital
Iran is firing a third wave of missiles towards Israel in 20 minutes, according to Radio News Agency
PRE-MARKET SINGAPORE STOCK NEWS: Olam (OLAM SP) is to sell all of Mindsprint shares to Wipro (WPRO IS) for USD 375mln
Air raid sirens sounded in 186 locations in Tel Aviv, the coastal plain, and southern Nagev after detecting missiles allegedly originating from Iran, according to reports from Sky News Arabia
Israeli army reports missiles launched from Iran, according to TASS
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Geo Energy Resources (GERL SP) - Co. announced a proposed placement of up to 35.0mln new shares to raise gross proceeds of about SGD 18.4mln. (Business Times)
Olam (OLAM SP) - Co. is to sell all of Mindsprint shares to Wipro (WPRO IS) for USD 375mln. (Newswires)
TAIWAN (Closed)
Hon Hai (2317 TT) - Co. quarterly sales rose 29.7% Y/Y to TWD 2.13tln (exp. 2.14tln). (Newswires)
This move could strengthen Wipro's position in the technology sector, attracting investor attention and impacting sector sentiment. Watch for potential implications on both companies' valuations and sector dynamics, including competitive positioning in the market.
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