Originally posted by Mid9Sun:
yeah ..i read that article also...pls dun tell me they going to use our $$$ to bail that thing out???
dont worry.... shincorp is big.. well.. at least its rather a significant size company...
if it goes under... the thai people currently employed by shincorp and those who are affected by shincorp would be the first in line of the fire...
furthermore.. its a company... temasek has no obligation to pay its debt... temasek is a limited investor... meaning that the maximum lost that temasek would suffer is the lost of the money it already invested... in the event the company is forced to shutdown (sure knock a few tooth off the thailand economic growth)
understandably... if shincorp close shop.. many thai tycoons that currently owns 51% of shincorp(under the thai law) would suffer.. and we got another round of ripple effect
my opinion?..... the thai govt wants to cut a deal...they dont want shincorp to fail as well... temasek is playing hard to get... the thai's up the temperature... lets see if temasek blink.
by the way... its bad idea messing with women.. .especially women at high post.. their vengeance knows no limits.... especially one.. who is the wife of the PM of singapore.. with enough money to sink the thai baht to the bottom of the sea...
