Dear Mr Oei can you help singapore to invest our CPF savings?

[evisionary]

The Straits Times
Oei gambles on AIG

Who dares wins, works as a motto for Britain's elite SAS forces and it is going to work wonders for the Lee Kuan Yew School of Public Policy, thanks to a bold share market gamble by tycoon Oei Hong Leong.

Mr Oei bought one million American International Group (AIG) shares on Tuesday when the stock was in freefall and many investors were bailing out of the giant insurer.

He told The Straits Times that he will donate the shares, which have already shot up in value, to the school to mark Minister Mentor Lee Kuan Yew's 85th birthday, which fell on Tuesday.

One smart businessman.

 

[madmansg]

thought his family run off with indonesian banks billions ? U so easily con by him.

 

[bluewolf]

The Straits Times
Oei gambles on AIG

Who dares wins, works as a motto for Britain's elite SAS forces and it is going to work wonders for the Lee Kuan Yew School of Public Policy, thanks to a bold share market gamble by tycoon Oei Hong Leong.

Mr Oei bought one million American International Group (AIG) shares on Tuesday when the stock was in freefall and many investors were bailing out of the giant insurer.

He told The Straits Times that he will donate the shares, which have already shot up in value, to the school to mark Minister Mentor Lee Kuan Yew's 85th birthday, which fell on Tuesday.

One smart businessman.

Then he is in deep shit. The shares are still falling and probably will continue to fall. When the fed injected 85 billion into AIG to take a 80% stake, shareholder's value are wiped out. But then again, what is 2-3 million to Oei ? Just pocket change.