It doesn't matter if Teamasick is making money or losing it. The PM's talented wife gets paid her remuneration and fat bonuses all the same. In the current financial year, she's getting about 45 to 47 million USD in annual total compensation.
hahaha....me bad.....forgot that he took sabbatical during GE2015....Who said scroobal's postings weren't damaging to PAP? When he took a year long sabbatical during GE 2015, there was a massive vote swing towards PAP. scroobal is the TPX who will break or make PAP. Don't play play.
hahaha....me bad.....forgot that he took sabbatical during GE2015....
now that he is back...Murali no chance in BB BE right????
When I heard about Western Digital shutting down, it brought back memories of our talented PM's wife. As Dhanabalan said - she had the courage to cut losses early when her first foray, Micropolis went under shortly after it was acquired with losses in the millions.
https://groups.google.com/forum/#!topic/soc.culture.singapore/MDvsB_SHRdkTemasek to suffer heavy loss from sale of Chartered Semiconductor to Abu
Dhabi's ATIC
September 7, 2009 by admin
Filed under Top News
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From our Correspondent
Singapore's semiconductor industry had floundered in recent years with
mounting losses caused by reduced demand and intense competition from
Taiwanese and U.S. chipmakers, a situation exacerbated by the global
financial crisis.
Once the crown jewel of Singapore inc, Chartered Semiconductor has struggled
to make a profit in the last two years.
Chartered Semiconductor was created in 1987 as a venture that included
Singapore Technologies Engineering Ltd., another state-linked company owned
by Temasek Holdings.
When its shares were first floated in the market in 1999, they were sold in
the pricing range of between $16 and $18 a share. 10 years later, it is
worth only $2.66 per share. (Source: IPO Investor)
Advanced Technology Investment Co., an investment company owned by Abu
Dhabi, will pay S$2.68 ($1.86) a share in cash for Chartered Semiconductor.
It will spend a total of S$2.5 billion to buy Temasek's stake of 62 per cent
or 930 million shares in the company.
Slight factual error. Chartered actually went far lower than 2.66. I know because i bought it at $1 plus and saw it went down to cents, and the shares were merged 5 to 1 or 10 to 1 to make it look respectable, before the company was sold. Before that i bought at $16 and sold at $8. My very first stock purchase is a 50% loss, but i did better than friends who held on until the very end.
Letting go is always difficult when one lacks moral fibre in his diet.
Slight factual error. Chartered actually went far lower than 2.66. I know because i bought it at $1 plus and saw it went down to cents, and the shares were merged 5 to 1 or 10 to 1 to make it look respectable, before the company was sold. Before that i bought at $16 and sold at $8. My very first stock purchase is a 50% loss, but i did better than friends who held on until the very end.
Is this the same Chia Song Hwee who is now one of the 3 Presidents in Tumasick Holdings?
Slight factual error. Chartered actually went far lower than 2.66. I know because i bought it at $1 plus and saw it went down to cents, and the shares were merged 5 to 1 or 10 to 1 to make it look respectable, before the company was sold. Before that i bought at $16 and sold at $8. My very first stock purchase is a 50% loss, but i did better than friends who held on until the very end.
Yes. He was her trusted aide and he was also the CEO of Chartered Semiconductor when it was sold to Global Foundries. He went over as the COO to help in the integration. They previously had Ang Mos as CEOs. It was an odd situation as Global foundries was a much smaller player and only had AMD as its major client. Chartered had more well known clients and much bigger in size but was struggling. The Taiwanese was the best at this. Chartered was supposed to be the icing on the cake for our local manufacturing and a trophy in her cabinet and that is why she was prepared to ruffle the feathers of Seagate which led to much unhappiness. People like Ngiam and gang were watching how this plays out. To her its was going be her version of creating Singapore Airlines which made a major impact in the World when it was led by part-time chairman and full time PS Pillay.
When Chartered failed she then went into full time fund management of a sovereign fund which does not need to provide transparency and she is only accountable to her husband who for sometime was also the Finance Minister.
One Malay Engineer from the days of Chartered setup a small factory in Johor and supplies on a contract basis to PC manufacturers. He did well and he paid for his son's expensive medical education overseas. The son is now a practising doctor in Australia.
Check the biodata of Tumasick's current senior management on their corporate web site...u will find many ex ST staff.....
hahaha...scroobal is exposed as a papee mole lah....You can rest assured that CSJ will win the BB by-election.