Shares of Singapore-listed Mewah International (MEWI.SI), which processes and distributes palm-based products such as edible oils and fats, rose as much as 4.3% on Tuesday after it announced its plan to invest around US$145 million ($187 million) in Indonesia.
At 9:20 a.m., Mewah shares were up 3.2% at $0.48, outperforming the broader Straits Times Index <.FTSTI> which was 0.6% higher.
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