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Bought at Yen 100 B, Sold at Yen 87 B. Guess Who?
- Thread starter makapaaa
- Start date
you read somewhere that they do that in aussieland huh, useless sinkie ?
another PAP low life coming to this forum to bullshit their master agenda... nice try loser... you never survive in this forum.
another PAP low life?
Proof it , sinkie.... if you can ..
dun just talk only, take action and prove what you say is true.
if not, then you are just another low life sinkie fucktards in the forum. :oIo:
erection2015
Alfrescian (InfP) + C
What is the rationale behind buy-high-sell-low strategy. I have studied a few investment theories, but no one advocates this. Should i start?
They seem to own a lot of other properties.
http://www.swfinstitute.org/swfs/government-of-singapore-investment-corporation/
http://www.swfinstitute.org/swfs/government-of-singapore-investment-corporation/
I agree, dun think they sold it at a loss.....
Also, don't forget the exchange rate. It was 77JPY to 1SGD in 2007 versus 65JPY to 1 SGD now.
Whether or not they are making a profit/loss I've never understood the rational for the GLC. Why is tax money being used to invest
Other than the elites who are getting mult-million paychecks & bonues, what do "lesser mortals" get?
The fact that they have so much tax dollars to gamble with shows that Sporeans are being over taxed
Other than the elites who are getting mult-million paychecks & bonues, what do "lesser mortals" get?
The fact that they have so much tax dollars to gamble with shows that Sporeans are being over taxed
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even if this round they made a profit.......how much? i think think much if not will blow trumpet loudly.....
compared with those billions of losses....too many to count.
they might have lost money on the Yen exchange rate too !
And quickly reporting half-truth again to cover up the loss? In this latest report, it is silent on the purchase price. Very worrying that the nation's reserves are in such hands.
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_783454.html
[h=1]GIC profits from Japan stadium sale[/h]
Published on Mar 30, 2012
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<!--close .storyLeft--><!--start of story image, if any-->
Together with the sale of the stadium - for 87 billion yen (S$1.3 billion) - and the rents collected, GIC essentially recouped all of its costs from the acquisition. On top of that, GIC continues to own both the hotel and the mall. -- PHOTO: GIC
<!--end of story image, if any--><!-- storyAds:start --><!-- Copyright DoubleClick Inc., All rights reserved. --><!-- This code was autogenerated @ Mon Mar 12 06:05:50 EDT 2012 --><NOSCRIPT></NOSCRIPT>
<!-- storyAds:end -->By Aaron Low, Economics Correspondent
<!--start of story text-->When the floodlights come on at the Fukuoka Yahoo! Japan Dome, the first pitch of the season thrown at the stadium will be a special one for its home team Fukuoka Softbank Hawks.
The reigning champions of Japan's baseball series will finally have a home they can truly call their own.
The Government of Singapore Investment Corporation (GIC) agreed to sell the Fukuoka Yahoo! Japan Dome, home of the Hawks, to the team's owner telco Softbank for 87 billion yen (S$1.3 billion), in a deal announced last week.
In what appears to be a win-win deal for both parties, the team gets its own base while GIC could reap a sizeable profit on an acquisition made in 2007.
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_783454.html
[h=1]GIC profits from Japan stadium sale[/h]
Published on Mar 30, 2012
25Share
<g:plusone></g:plusone>
0
inShare
inShare
Purchase this article for republication
Buy SPH photos<!--close .storyLeft--><!--start of story image, if any-->
Together with the sale of the stadium - for 87 billion yen (S$1.3 billion) - and the rents collected, GIC essentially recouped all of its costs from the acquisition. On top of that, GIC continues to own both the hotel and the mall. -- PHOTO: GIC<!--end of story image, if any--><!-- storyAds:start --><!-- Copyright DoubleClick Inc., All rights reserved. --><!-- This code was autogenerated @ Mon Mar 12 06:05:50 EDT 2012 --><NOSCRIPT></NOSCRIPT>
<!-- storyAds:end -->By Aaron Low, Economics Correspondent
<!--start of story text-->When the floodlights come on at the Fukuoka Yahoo! Japan Dome, the first pitch of the season thrown at the stadium will be a special one for its home team Fukuoka Softbank Hawks.
The reigning champions of Japan's baseball series will finally have a home they can truly call their own.
The Government of Singapore Investment Corporation (GIC) agreed to sell the Fukuoka Yahoo! Japan Dome, home of the Hawks, to the team's owner telco Softbank for 87 billion yen (S$1.3 billion), in a deal announced last week.
In what appears to be a win-win deal for both parties, the team gets its own base while GIC could reap a sizeable profit on an acquisition made in 2007.
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