Temasek Holdings investing S$10 billion into Chinese Banks
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lost $$$..... sporean pay..... loh
earn $$$.... i poxkxt.... hahahaha -
Thats what GIC is doing.Originally posted by LittleTiger:lost $$$..... sporean pay..... loh
earn $$$.... i poxkxt.... hahahaha
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That why there call us chinese as the "jews of the east"Originally posted by shade343:Why chinese so mercenary?
Money matter.. chinese count and think very well -
Anyone has any details on how much losses the GLC has incurred in its ventures into BIL,Micropolis,and Suchou Park?
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GIC/Temasek's bad record associated with BIL:
1). government funded SGIC and Temasek Holdings company - Brierleys Investments (BIL) lost in excess of $190m in a failed 1993 geothermal power station venture in Indonesia
2)According to some reports, Singapore Airlines lost $NZ130 million in the
groundings of Ansett Airways in Australia.
In addition, Brierley's Investments a 30.3% shareholder of Air New
Zealand lost Aus$263m. Brierley's Investment is a Singapore-based
company. Temasek Holding, one of the main GLCs, holds a very large share
in Brierleys.
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I hope they earn more than what they lose, otherwise we singaporeans have to pay the price!
the rich gettting richer,the poor, gettting poorer -
Another dubious investment with very little benefits for ordinary S'poreans, frankly.Originally posted by 38�Ž:The mother of all the GLCs is investing around S$10 billion to buy Chinese Bank stocks. That's almost every Singaporean paying roughly S$3333 for those stocks in average.
In details, the Banks that got Temasek's golden finger are:
1) Bank of China, No2 Bank in China, 3.1 Billion USD for 10% share, with another USD 500 million when the bank got listed.
2) China Construction Bank, No 3 chinese Bank, Temasek's total investment in this bank can be maximum @ USD 2.4 billion if the bank listed.
3). some around 5% stock in Chinese Huaxia Bank and stocks in an Energy company.
That's quite impressive, considering the Singapore is not a big country.
I'm regret such a big issue seems not catch enough attention. Any comments? -
These things happen when you have a mandate not governed by transparency to the public, but rather to a committee which might not see things the man in the street does.Originally posted by mistyblue:years back ... a friend from gic told me there were a lot of investments that turned bad and tons of our tax dollar were wasted but gic continued their lavish lifestyle, parties ... etc. she could not take it and never joint those "celebrations"
anyways there are no checks on this org. There are lots of governance issues all over in ever single corner but no a single squeak in the papers - just the collusion and nepotism is enough and then the NKF saga...
What does it tell us all the common people about things happening at the top?
I do not know to laff or cry for my fellow people because I feel so sad when I see things and know there's more than meets the eye.