Stocks to watch: DFI Retail Group

Stocks to watch: DFI Retail Group

September 24, 2024 / Riah Marton /


THE following company saw new developments that may affect trading of its securities on Tuesday (Sep 24):

DFI Retail Group: The supermarket and retail store operator on Monday announced plans to divest its entire stake in Yonghui Superstores to low-cost retailer Miniso. DFI Retail’s sale of 1.9 billion shares in the Chinese supermarket operator is expected to result in about 4.5 billion yuan (S$823.6 million) in gross cash proceeds. Its shares on the Singapore bourse ended US$0.06 or 3.1 per cent lower at US$1.86, before the news.

Trading halt: Mainboard-listed Amos Group called for a trading halt on Tuesday morning, pending the release of an announcement. The counter closed 20.5 per cent or S$0.009 higher at S$0.053 on Monday.

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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