SINGAPORE: Singapore’s Olam International Ltd, under pressure to retreat from a debt-fuelled acquisition spree that drew a shortseller’s attack last November, will unveil a strategy review that many investors hope will target less growth and more cash.
Olam, an agricultural commodities company with global ambitions, was propped up by Singapore state investor Temasek Holdings after Muddy Waters criticised its business practices and sparked a tumble in its bond and share prices.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!