Temasek racks in US $1.34 billions!!!

[kopiuncle]

SINGAPORE: Temasek Holdings is selling up to 500 million shares in Singapore Telecommunications Ltd (SingTel) to raise as much as US$1.34 billion.

A Temasek spokeperson has confirmed this sale, saying that Temasek rebalances their portfolio from time to time.

He said: "We continue to be a significant shareholder in SingTel, which remains the largest company in our portfolio."

According to reports, the deal comprises 400 million SingTel shares priced between S$3.20 to S$3.25. This translates to some S$1.3 billion.

An upsize option for an additional 100 million shares may increase the deal size to US$1.34 billion, if exercised.

If all 500 million shares are sold, Temasek's stake in the telco will drop from 54.5 per cent to 51.3 per cent.

The sale represents a small stake relative to Temasek's entire SingTel holding.

- CNA/ck

 

[Narong Wongwan]

Chey! I thot made a profitable punt for a change....turn out is selling off family assets to get cash...

 

[ReadySteadyGO]

Chey! I thot made a profitable punt for a change....turn out is selling off family assets to get cash...

Look what happen to Usd/sgd now.

 

[kopiuncle]

Chey! I thot made a profitable punt for a change....turn out is selling off family assets to get cash...

sorry brudder wrong signal....nevermind lah, you will earn more soon...soon...

 

[blur sotong]

Why do they need so much money for? US$1.34 BILLION... to cover some bad investment or what??

Oh yes, are they going to book in a handsome profit and proclaim double digit profit again? How more shameful can it be?

 

[Kinana]

Wow! So much!

 

[Narong Wongwan]

sorry brudder wrong signal....nevermind lah, you will earn more soon...soon...

Now you are getting from being irritating to just plain incoherent

 

[Dinosaur]

Why do they need so much money for? US$1.34 BILLION... to cover some bad investment or what??

Oh yes, are they going to book in a handsome profit and proclaim double digit profit again? How more shameful can it be?

DBS to buy Bank Danamon Indonesia stake from Temasek through new share issuance

http://www.tremeritus.com/2012/04/0...take-from-temasek-through-new-share-issuance/

With reference to the above, has Temasek been able to sell its stake in Danamon to DBS? If not, we can see why Temasek has to sell its stake in SingTel to raise the desperately needed cash to balance its books.

[h=2][/h]

 

[soIsee]

Why do they need so much money for? US$1.34 BILLION... to cover some bad investment or what??

Oh yes, are they going to book in a handsome profit and proclaim double digit profit again? How more shameful can it be?

The real question is which donkey would pay over 3 bucks for such crap shares? Or it's a left pocket buying from right pocket. It might even be the peasant's hard earned funds to fund Ho spending spree! LOL

 

[moolightaffairs]

真的是败家子！！！ 败尽国家的积蓄！！！

 

[laksaboy]

Ho Jinx is going on a gambling spree again... needs to raise more money.

 

[syed putra]

Looks like christmass bonus time is coming for temasick executives.

 

[tonychat]

Do not buy anything to help temasak, let them rot to death and let the sinkies find out that their CPF money is all gone.

That is the best moment i am looking for.

 

[gz0707]

Ingrates! Temasek has made money with your CPF funds, Temasek has outperform itself again (against what benchmark I dont really know - maybe Icelend which has lost all the pension funds?)

I can already see the headlines on Temasek newsletter (typo, shd be Straights Times) "Temasek performs Gloriously! Citizens are grateful to Temasek leadership!"

 

[soIsee]

Do not buy anything to help temasak, let them rot to death and let the sinkies find out that their CPF money is all gone.

That is the best moment i am looking for.

Wake up your fucking idea as to where you stand.

It's not a choice that Sinkie want to 'help' TeMASEK OR NOT, it's like all the funds linked or not linked is in their control and they can do anything they wish in manipulating it.

As it is, you can kiss your Con Penis Fund away as it stands ( no pun intended)! LOL

 

[fookingyoux]

singtel shares is under valued.if 3.2 % stake is worth 1.34bil. you imagine how much the company is worth ..so how is it that the share price only at $3.20/share??

 

[Fook Seng]

Looks like Temasek might wish to invest in China, $1 for each Chinese.

 

[Capano2121]

Tax payers still do not get a single cent despite not having any control over their CPF which is used as pocket money by the old fuck!

 

[halsey02]

Chey! I thot made a profitable punt for a change....turn out is selling off family assets to get cash...

Married trades!? possible to see the trades online, who bought the block of shares? most likely "famiLEE" tree members.

 

[cyberfish]

How much is spent on social well being ? People are killing themselves everyday.