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Don Agro, off recent lows, bulks up with more land; eyes lucrative market of organic crops

Jeffrey Tan
Jeffrey Tan • 8 min read
Don Agro, off recent lows, bulks up with more land; eyes lucrative market of organic crops
Devlet-Kildeyev’s infection coincided with a drop in the company’s share price from its then all-time-high of 36 cents last year.
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Not too long after Don Agro International became the first Russian company to be listed on the Singapore Exchange, about 20 of its staff fell ill from Covid-19.

One of them was CEO Marat Devlet-Kildeyev, whose lungs were 70% damaged. As a result, he was fighting for his life in the hospital’s Covid-19 ward for 25 days.

Devlet-Kildeyev’s infection coincided with a drop in the company’s share price from its then all-time-high of 36 cents on May 28 last year. It went as low as 25 cents, wiping out much of the gains made by the winter wheat and dairy producer, which made its debut at 25 cents on Feb 14, 2020. The company’s IPO price was 22 cents.

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