Call it the Singapore squeeze. The city state is becoming a tactical testing ground in executives’ fight back against short sellers. China Minzhong, the food producer savaged by Glaucus Research last week, yesterday announced a takeover offer from its biggest shareholder that recovered all the value lost in the attack, and more. Last year, Olam blasted Muddy Waters, Glaucus’s better-known California compatriot, with a capital-raising backed by the financial firepower of one of its biggest shareholders, Temasek. But Olam’s shares are now just 3 per cent above their post-attack low. Temporary tactics aside, the effects of short sellers can be hard to shift.
不妨称其为“新加坡挤压”。这个城市国家正成为企业高管们抗击卖空者的战术演习场。上周遭到美国卖空集团——格劳克斯研究集团(Glaucus Research)严厉抨击的manbetx3.0 闽中食品(China Minzhong)，昨日宣布其最大股东发出收购要约，在这一消息刺激下，目前该公司股价甚至高于卖空者发起攻击之前。去年，新加坡奥兰公司(Olam)对格劳克斯的加州同行、知名度更高的浑水公司(Muddy Waters)发起反击，在其最大股东之一淡马锡(Temasek)的财务火力支持下，进行了一次筹资。但是，奥兰股价目前仅比遭遇攻击后的低位高出3%。撇开临时战术，卖空者产生的效应可能难以摆脱。