Singapore's Olam says will respond to Muddy Waters report
PHOTO: Singapore's Olam says will respond to Muddy Waters report
SINGAPORE - Singapore's Olam International Ltd said on Tuesday it will assess short-seller Muddy Waters' report on the commodity trader and respond appropriately in due course.
Muddy Waters, in a report released earlier on Tuesday, described Olam as a "strong sell" due to a high risk the firm could fail.
Olam has denied Muddy Waters' previous allegations about its finances and has taken steps to sue the short-seller and its founder Carson Block.