Ah Beng LEE KUAN YEW fucked away OUR S$2Billion to suck on Ang Moh Bank

[Mohd_Ah_LEE]

Really Chow Ah Beng LKY, why burnt our money to suck on Ang Moh's rotten bank one after another? Ang Moh is LKY's dad huh?:oIo:

http://sg.news.yahoo.com/rtrs/20090108/tap-temasek-c3bb44c.html

Temasek's Merrill investment reduced by more than $2 bln
Reuters
Reuters - 1 hour 52 minutes ago

Jan 8 - Singapore state investor Temasek Holdings [TEM.UL] said it converted its 13.7 percent stake in Merrill Lynch & Co Inc into Bank of America Corp <BAC.N> stock, in a move that will reduce the value of its investment in Merrill by more than $2 billion.
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In a filing with the U.S. Securities and Exchange Commission, the company said it received 0.8595 of Bank of America common stock for each Merrill share.

Temasek was Merrill's largest shareholder, holding 219.7 million shares, which it had bought at an average price of $23 to $24 a share.

After the conversion, Temasek holds about 189 million shares of Bank of America.

Bank of America shares closed at $13.71 Wednesday on the New York Stock Exchange, bringing the stake's value to $2.59 billion. Temasek now holds a stake of about 3.8 percent in Bank of America, which had 5.02 billion shares outstanding as of Oct. 31.

On Jan. 1, Bank of America completed its purchase of Merrill Lynch, creating the largest U.S. bank. (Reporting by Amiteshwar Singh in Bangalore; Editing by Pratish Narayanan)

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[troubledtimes]

Aiyoh, LKY is a baba, which makes him half a m&d.. dont you know m&d is the biggest SPG race of all? Look at the bloody nonya show, you can tell perenakans have amtk syndrom. LKY is a baba the the end of the day. Genes cannot zhao one at the end of the day...

 

[Mohd_Ah_LEE]

Aiyoh, LKY is a baba, which makes him half a m&d.. dont you know m&d is the biggest SPG race of all? Look at the bloody nonya show, you can tell perenakans have amtk syndrom. LKY is a baba the the end of the day. Genes cannot zhao one at the end of the day...

Old fart's mom was a Nyonia correct married to a Chinese surnamed Lee. That's why got that surname. But she had affair with Ang Moh (Dutch I think) who actually fathered LKY. This was written and documented by more than one books including No Man Is An Island - these books banned in Singapore.

This is the main reason why LKY's bothers photos are seldom publicized. Especially when taken together with LKY. The comparison will reveal this secret between LKY & his brothers that they don't have the same father. LKY father is actually Ang Moh.

Mixed blood caused Loong to be genetically defective and sissy, plus his son to be albino etc.

One day we can prove this by DNA test on the Lees when their political power is lost.

 

[troubledtimes]

Old fart's mom was a Nyonia correct married to a Chinese surnamed Lee. That's why got that surname. But she had affair with Ang Moh (Dutch I think) who actually fathered LKY. This was written and documented by more than one books including No Man Is An Island - these books banned in Singapore.

This is the main reason why LKY's bothers photos are seldom publicized. Especially when taken together with LKY. The comparison will reveal this secret between LKY & his brothers that they don't have the same father. LKY father is actually Ang Moh.

Mixed blood caused Loong to be genetically defective and sissy, plus his son to be albino etc.

One day we can prove this by DNA test on the Lees when their political power is lost.

Serious?! LKY is actually ang mo?! But he doesnt look like one you know. I know of chinese with 100% chinese blood who looks like ang mo man! You sure or not?!

 

[UseYourBrain]

Serious?! LKY is actually ang mo?! But he doesnt look like one you know. I know of chinese with 100% chinese blood who looks like ang mo man! You sure or not?!

Most Singapore Chinese have their DNA traced back to Japanese Soldier. Dare to check? Try it .....you will know your Lee, Tan, Wong etc actually Morimoto, Aji Nomoto, Honda, Suzuki....

 

[PAP_Die-hard_Fan]

You fucking fucktard the PAP do this kind of changes surely have their reasons! You must think of the long term basis and benefit! You fucking fucktard!

Really Chow Ah Beng LKY, why burnt our money to suck on Ang Moh's rotten bank one after another? Ang Moh is LKY's dad huh?:oIo:

http://sg.news.yahoo.com/rtrs/20090108/tap-temasek-c3bb44c.html

Temasek's Merrill investment reduced by more than $2 bln
Reuters
Reuters - 1 hour 52 minutes ago

Jan 8 - Singapore state investor Temasek Holdings [TEM.UL] said it converted its 13.7 percent stake in Merrill Lynch & Co Inc into Bank of America Corp <BAC.N> stock, in a move that will reduce the value of its investment in Merrill by more than $2 billion.
ADVERTISEMENT

In a filing with the U.S. Securities and Exchange Commission, the company said it received 0.8595 of Bank of America common stock for each Merrill share.

Temasek was Merrill's largest shareholder, holding 219.7 million shares, which it had bought at an average price of $23 to $24 a share.

After the conversion, Temasek holds about 189 million shares of Bank of America.

Bank of America shares closed at $13.71 Wednesday on the New York Stock Exchange, bringing the stake's value to $2.59 billion. Temasek now holds a stake of about 3.8 percent in Bank of America, which had 5.02 billion shares outstanding as of Oct. 31.

On Jan. 1, Bank of America completed its purchase of Merrill Lynch, creating the largest U.S. bank. (Reporting by Amiteshwar Singh in Bangalore; Editing by Pratish Narayanan)

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[JadedBeach]

It may not be that bad.

Agree that Temasek may be sitting on significant paper losses related to his holdings in ML. Excluding hedges, the unrealised losses could total to more than $2bn.

A glaring concern is that ~40% of its portfolio is in the FIG (financial institutions group) sector and there may be paper losses on other investments in Barclays, Bank of China, and China Construction Bank.

However, between 1Q to 3Q2008, Temasek may already have sold more than 30MM of ML shares albeit at possible low prices in an attempt to lower its losses.

It could have been a lot worse. Please recall that Temasek’s initial investment allowed it to buy more than 104m shares at $48 / share.

BUT after ML did its round of bank capital raising in July, the terms of Temasek’s original investment were reset. This effectively bought Temasek 151m new shares in Merrill for just under $6 per share, bringing the average price paid per Merrill share to a little over $23.

BofA agreeing to buy Merrill in an all-stock deal (ML at $29 per share) may be a mitigating factor to reduce / annihilate most of its losses.

But let's see how this unfolds. You can observe that BofA's share price since has slumped. A most recent credit downgrade has hit not only it's debt but also equity.

Let us be reminded that BofA still has exposure to risky / toxic assets (credit card receivables and home loans) although it has bolstered its bank capital. Hence, there will definitely be room for further writedown. It'd be interesting to watch this space.

P/S: investing in BofA may not be a bad idea if we assume a medium to long-term investment horizon.


juz beach

Really Chow Ah Beng LKY, why burnt our money to suck on Ang Moh's rotten bank one after another? Ang Moh is LKY's dad huh?:oIo:

http://sg.news.yahoo.com/rtrs/20090108/tap-temasek-c3bb44c.html

Temasek's Merrill investment reduced by more than $2 bln
Reuters
Reuters - 1 hour 52 minutes ago

Jan 8 - Singapore state investor Temasek Holdings [TEM.UL] said it converted its 13.7 percent stake in Merrill Lynch & Co Inc into Bank of America Corp <BAC.N> stock, in a move that will reduce the value of its investment in Merrill by more than $2 billion.
ADVERTISEMENT

In a filing with the U.S. Securities and Exchange Commission, the company said it received 0.8595 of Bank of America common stock for each Merrill share.

Temasek was Merrill's largest shareholder, holding 219.7 million shares, which it had bought at an average price of $23 to $24 a share.

After the conversion, Temasek holds about 189 million shares of Bank of America.

Bank of America shares closed at $13.71 Wednesday on the New York Stock Exchange, bringing the stake's value to $2.59 billion. Temasek now holds a stake of about 3.8 percent in Bank of America, which had 5.02 billion shares outstanding as of Oct. 31.

On Jan. 1, Bank of America completed its purchase of Merrill Lynch, creating the largest U.S. bank. (Reporting by Amiteshwar Singh in Bangalore; Editing by Pratish Narayanan)

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