PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Olam (OLAM SP) Chairman, CEO and CFO are to step down
TAIWAN
AU Optronics Co. (2409 TT) - Co. March revenue TWD 26.02bln (prev. TWD 25.85bln) and January–March revenue TWD 69.03bln (prev. TWD 72.10bln). (Dow Jones Newswires)
Delta Electronics Inc. (2308 TT) - Co. Q1 rev. rose 34% Y/Y to TWD 159.35bln, marking a record high for the January–March period. (Taipei Times)
Ennostar Inc. (3714 TT) - Co. expects to begin shipments of pluggable optical modules for AI server racks as early as next year to meet customer demand. (Taipei Times)
SINGAPORE
City Developments Ltd. (CIT SP) - Co. established a SGD 2.00bln multicurrency perpetual securities issuance programme and will use proceeds for working capital and debt refinancing. (Dow Jones Newswires)
Olam (OLAM SP) - Co. Chairman, CEO and CFO are to step down. (Newswires)
United Overseas Bank Ltd. (UOB SP) - Co. was appointed arranger and dealer for City Developments’s multicurrency perpetual securities issuance programme. (Dow Jones Newswires)