SINGAPORE, April 25 Singapore state investor
Temasek Holdings Pte Ltd said on Thursday it was comfortable
with Olam International Ltd's credit position and its
The statement came after Olam, whose biggest shareholder is
Temasek with 24 percent, announced a new strategic plan to halve
its capital spending between 2014 and 2016, cut its stake in a
urea plant in Gabon and reduce its debt levels.
Temasek increased its stake in Olam after Muddy Waters
criticised the company's business practices and sparked a tumble
in its bond and share prices.
(Reporting by Saeed Azhar)