Olam International Ltd. (OLAM), the commodity trader that Muddy Waters LLC said may fail, slumped to the lowest in three and a half years in Singapore, after Michael Dee, a former senior managing director at Temasek Holdings Pte, called for Olam to sell stock.
“Olam made a strategic error in saying equity was not needed until 2015. It needs equity now,’” said Dee, who worked at Temasek from 2008 to 2010, in an article published in Singapore’s Business Times newspaper. Dee joined Temasek after serving as the Southeast Asia chief executive officer for Morgan Stanley. Full story
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