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LEE KHENG WEE: Keppel's SPC Sale -'We once sold Christmas Island to the Australians!

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Porfirio Rubirosa

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Keppel's SPC sale
'We once sold Christmas Island to the Australians.'

MR LEE KHENG WEE: 'I am puzzled and disturbed by Tuesday's report ('PetroChina offer: SPC, Keppel surge') that Keppel Corporation has decided to sell its 45.5 per cent stake in Singapore Petroleum Company (SPC) to Chinese oil giant, PetroChina. SPC is profitable. I even recall a senior executive at a seminar saying that SPC's true value would be realised only in 2011. Naturally, many investors are probably rubbing their hands in glee at the stunning price spike in SPC's share price. But how many would stop to think of the sale's implication? To me, it means that every time I top up my petrol, there is a capital outflow to another country and more. What is Keppel's rationale? Lest anyone think I am just a fuzzy old badger, may I remind everyone we once sold Christmas Island to the Australians?'
 
mercbenz

mercbenz

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Re: LEE KHENG WEE: Keppel's SPC Sale -'We once sold Christmas Island to the Australia

That Xmas island deal is already so - lau kui.

Singapore is sold out.
 
Lee Hsien Tau

Lee Hsien Tau

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Re: LEE KHENG WEE: Keppel's SPC Sale -'We once sold Christmas Island to the Australia

mercbenz said:
That Xmas island deal is already so - lau kui.

Singapore is sold out.
Click to expand...

Xmas island bigger than Sinkapoor, also got natural resource (although almost all dug up and sold liao.
 
po2wq

po2wq

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Re: LEE KHENG WEE: Keppel's SPC Sale -'We once sold Christmas Island to the Australia

ah wee ...

recently,

oso sold > 200b ...

oso sold boa @ a huge loss n wen market was going up ...


watz so puzzling? ... :confused: ...
 
singveld

singveld

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Re: LEE KHENG WEE: Keppel's SPC Sale -'We once sold Christmas Island to the Australia

you think when singapore lost billions of dollars in investment, where are they going to get it back? raise the price of your bus fare? what about your school fee? no, what about your electricity bill? wait only add a few millions, not enough.

i know, we sell our assets away.

also, the people who make the deal possible, they will receive huge bonus. money beyond your widest dream. even if you work 100 life time you will not see the sum of money, does this people sit down at home and think, we are selling future away or thinking how am i going to spend the money.
 
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