Olam shares fell by as much as 6.9 percent in intra-day trade before closing at Sg$1.515 apiece at the Singapore Exchange, down 5.3 percent, despite the Straits Times Index rising 0.45 percent.
Olam stocks are down by 13 percent since short-seller Carson Block first made the allegations that Olam had a high risk of solvency on November 19.
On Monday, Olam announced plans to raise up to $1.25 billion in a capital rights issue which had the backing of its second-largest shareholder, Singapore's powerful state investment firm Temasek Holdings. Full story
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