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The latest announcement is out from Olam Group ( (SG:VC2) ).
Olam Group has announced the closure of Jiva Ag, a digital farmer services platform, as part of its Updated 2025 Re-organisation Plan. This strategic move is aimed at conserving cash and reducing debt within the Remaining Olam Group. The closure will affect 606 employees across Singapore, Indonesia, India, and Australia, with support provided for redeployment or severance. The decision aligns with the Group’s goal to become debt-free and self-sustaining by responsibly divesting its assets over time. Financially, the Group reported a loss of S$13.2 million related to Jiva Ag in H1 2025 and expects up to US$9 million in one-off closure costs, which are not anticipated to materially impact the current financial year’s results.
The most recent analyst rating on (SG:VC2) stock is a Hold with a S$1.00 price target. To see the full list of analyst forecasts on Olam Group stock, see the SG:VC2 Stock Forecast page.
More about Olam Group
Olam Group is a diversified global agribusiness company operating in the food and agriculture industry. It focuses on producing, processing, and distributing a wide range of agricultural products and food ingredients, serving various markets worldwide.
Average Trading Volume: 2,401,796
Technical Sentiment Signal: Hold
Current Market Cap: S$3.89B
For a thorough assessment of VC2 stock, go to TipRanks’ Stock Analysis page.