Indonesia’s largest noodle maker, Indofood, has gone on the offensive in Singapore against short sellers who questioned the accounts of a Chinese food company in which it holds a one-third stake, write Paul J Davies and Ben Bland.
Indofood took a leaf out of the playbook of sovereign wealth fund Temasek by launching a S$490m ($382m) takeover bid for Singapore-listed China Minzhong, whose shares lost half their value last week when a US-based research and short selling house accused the company of fabricating sales.
China Minzhong has denied the allegations.
您已阅读25%（561字），剩余75%（1680字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。