Olam’s rights issue drew an immediate response from Carson Block’s Muddy Waters. Muddy Waters Calls Temasek-backed Olam Fund-Raising a ‘Bailout’ (CNBC) Stop-Gap Bailout of Olam Validates MW’s Thesis (Muddy Waters Research) Video of Carson Block (Muddy Waters) on CNBC Olam has given the following clarification: Further to media reports regarding the process of the recently announced rights issue, […]
Yesterday, Olam announced that they would be doing a rights issue. The structure of the Olam Rights issue is a bit special as it is asking shareholders to purchase Olam bonds together with call warrants. Most people would understand the term rights issue to mean the offering of new equity stake in the form of […]
Based on an article published in Fortune Magazine’s on 15th August 2011, Singapore was the eighth most indebted country in the world. Fortune said that Singapore had debts of US$254 billion (S$307 billion), equivalent to 95% of its gross domestic product (GDP). MOF has clarified that the Fortune Magazine’s article is misleading as it only […]
The share price of Chinese meat processor China Yurun Food Group has come under pressure in the last few days with rumors that Muddy Waters is going to release a negative research report on it. A quick check at the Muddy Waters website shows that their latest target is Spreadtrum, Communications Inc (SPRD). Singapore state […]
Temasek Holdings yesterday announced that it has priced S$500 million 3.785% Guaranteed Notes due 2025 and S$500 million 4.0475% Guaranteed Notes due 2035 to be issued by its wholly owned subsidiary, Temasek Financial (I) Limited, under the Issuer’s US$10.0 billion Guaranteed Global Medium Term Note Program. The 15-Year Notes and the 25-Year Notes will be […]