QUOTE(Hansel @ Sep 29 2015, 05:17 PM)
Right,... I'll quote a personal experience here. I used to hold a business trust called Cityspring. It IPO'ed with a large percentage held by the investment arm of the Sgp Govern't called Temasek.
Bought a few assets, and the last one it bought was an undersea cable facility linking the south of Vicyoria with Tasmania. After that acquisition, everything went downhill.
They held seminars, saying repeatedly to publications that Temasek held substantial stakes in the trust, blah, bah, blah,.. but thing did not work out and the prices dipped all the way down (after I divested). I certainly did not buy the CFO's story (his name was Tong,... something) after I saw him talking to investors in one of the seminars.
People were still holding,... based on the fact that Temasek was the majority shareholder. But still : things did not work out.
Another eg I could quote is Global Investments. Temasek bought a stake in it after Babcock and Brown did not manage to make this work. But how is the counter today ?? Not that good too.
i got hup soon global. also whell connected with govt. Temasek has shares. dunno what happened to company now...Bought a few assets, and the last one it bought was an undersea cable facility linking the south of Vicyoria with Tasmania. After that acquisition, everything went downhill.
They held seminars, saying repeatedly to publications that Temasek held substantial stakes in the trust, blah, bah, blah,.. but thing did not work out and the prices dipped all the way down (after I divested). I certainly did not buy the CFO's story (his name was Tong,... something) after I saw him talking to investors in one of the seminars.
People were still holding,... based on the fact that Temasek was the majority shareholder. But still : things did not work out.
Another eg I could quote is Global Investments. Temasek bought a stake in it after Babcock and Brown did not manage to make this work. But how is the counter today ?? Not that good too.
Oct 2 2015, 04:16 PM

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