Standard Chartered Bank is going bankrupt....going to ask for cash infusion soon

[SalahParking]

The last few colonial empire banks still trying to breathe...at last gasps

400p stock and only worth 13 bil...

Temasuck is furious

 

[syed putra]

Temasick stake only at 11.55%. It bought for S$ 5.7 bil.

 

[winnipegjets]

Sinkapore can take over SCB!

 

[Kee Chew]

 

[Kee Chew]

potential target for takeover. ?

 

[SalahParking]

Standard Chart cannot be sold to temasek or Dbs or any foreign gov. with a 20pct ceiling ...because they are bank note issueer in Hk...ie. authorise to print money

why would a bank or country want to lose that exhorbitant privilege....

 

[winnipegjets]

Standard Chart cannot be sold to temasek or Dbs or any foreign gov. with a 20pct ceiling ...because they are bank note issueer in Hk...ie. authorise to print money

why would a bank or country want to lose that exhorbitant privilege....

HK buys it lor. If HK doesn't want to own it, then it can strip SCB of the authority to issue HK bank notes.

 

[po2wq]

temasic can take comfort dat ze current price is still haier dan it was b4 1996 ...

 

[mojito]

Standard Chart cannot be sold to temasek or Dbs or any foreign gov. with a 20pct ceiling ...because they are bank note issueer in Hk...ie. authorise to print money

why would a bank or country want to lose that exhorbitant privilege....

And how much money can make from printing cantonese moneys? Can print as much as they like then no need hkma loh.

 

[krafty]

is this for real?

The last few colonial empire banks still trying to breathe...at last gasps

400p stock and only worth 13 bil...

Temasuck is furious

 

[birdie69]

Temasick stake only at 11.55%. It bought for S$ 5.7 bil.

Bought from Khoo Teck Puat?

 

[Merl Haggard]

Tan Sri Khoo made a mistake when he purchased 28 Scotts Rd from Teochew tycoon Tan Siak Kew. He took the purchase option in public listed Goodwood Hotel's name, but signed the S & P agreement in his daughter's name.

For that the CAD went after him for taking advantage of a public listed company and he was to be charged in court. Meanwhile behind the scene they were negotiating for a private settlement and final agreement, Tan Sri was to provide S$200m to built a hospital at Yishun and sell his Stand Chart stake to Temasek in 2006 (2 years after Whore Jinx became CEO).

Tan Sri was a reluctant seller of his Stand Chart stake, but it turns out to be the biggest bonanza in all the deals he made in his life. Deal was concluded 2 years after Tan Sri's passing at GBP2.3b or 1525 P per share and exchange rate then was S$3.15 to 1 GBP.

 

[nightsafari]

Tan Sri Khoo made a mistake when he purchased 28 Scotts Rd from Teochew tycoon Tan Siak Kew. He took the purchase option in public listed Goodwood Hotel's name, but signed the S & P agreement in his daughter's name.

For that the CAD went after him for taking advantage of a public listed company and he was to be charged in court. Meanwhile behind the scene they were negotiating for a private settlement and final agreement, Tan Sri was to provide S$200m to built a hospital at Yishun and sell his Stand Chart stake to Temasek in 2006 (2 years after Whore Jinx became CEO).

Tan Sri was a reluctant seller of his Stand Chart stake, but it turns out to be the biggest bonanza in all the deals he made in his life. Deal was concluded 2 years after Tan Sri's passing at GBP2.3b or 1525 P per share and exchange rate then was S$3.15 to 1 GBP.

looks like karma works. making him sell his stake as part of a settlement for a minor criminal charge sounds an awful lot like undue political pressure.

 

[Merl Haggard]

looks like karma works. making him sell his stake as part of a settlement for a minor criminal charge sounds an awful lot like undue political pressure.

Boh pian... Tan Sri was never a supporter of LKY. When they discovered that he was using funds from his Bank of Brunei to make investments, Sultan B called old man to nab Tan Sri and he had to scoot off to Australia & UK to seek refuge. Eventually one his sons served 5 years in Brunei jail and Tan Sri only returned after agreement to settle was reached.

 

[nightsafari]

Boh pian... Tan Sri was never a supporter of LKY. When they discovered that he was using funds from his Bank of Brunei to make investments, Sultan B called old man to nab Tan Sri and he had to scoot off to Australia & UK to seek refuge. Eventually one his sons served 5 years in Brunei jail and Tan Sri only returned after agreement to settle was reached.

oh... another of those stories that barely got surfaced. I forgot about that. Apparently, Sultan really helped make Tan Sri. But that's from remote hearsay only.

 

[Merl Haggard]

oh... another of those stories that barely got surfaced. I forgot about that. Apparently, Sultan really helped make Tan Sri. But that's from remote hearsay only.

Bolkiah father was Tan Sri Khoo's best friend and B quarreled with Tan Sri after his father's death over the sale of Holiday Inn @ Scotts. Deal was struck between Tan Sri & old Sultan 2 months before his death at S$150m and B was advised that it was S$50m overpriced.

 

[nightsafari]

Bolkiah father was Tan Sri Khoo's best friend and B quarreled with Tan Sri after his father's death over the sale of Holiday Inn @ Scotts. Deal was struck between Tan Sri & old Sultan 2 months before his death at S$150m and B was advised that it was S$50m overpriced.

I see. So it was B father that was buddy buddy with Tan Sri. Thanks again for the info!

 

[nightsafari]

The last few colonial empire banks still trying to breathe...at last gasps

400p stock and only worth 13 bil...

Temasuck is furious

why furious? they only doing SOP. Buy high sell low...

 

[Kee Chew]

there was a HK parthership / connection.

the legendary Shipping tycoon Sir Y K Pao , cbe, JP.

 

[nightsafari]

there was a HK parthership / connection.

the legendary Shipping tycoon Sir Y K Pao , cbe, JP.

HK partnership? for Khoo and B? or for StanChart?