Sun, Aug 20, 2017
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Olam launches defence against Muddy Waters allegations

Posted on 28 November 2012

Singapore commodities firm Olam International Ltd, , part owned by Singapore state investor Temasek Holdings Pte Ltd, launched a vigorous defence on Wednesday against short-seller Muddy Waters’ attacks on its accounting practices and acquisitions, emphasising it is not at risk of insolvency.
Olam said in a 45-page report it has enough liquidity to pursue its current business and future investments. The rebuttal focused on major issues raised by Muddy Waters in its own report: Olam’s solvency, accounting-related assertions, business model, acquisitions and capital spending………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
banner
August 2017
M T W T F S S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031