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 SGX Counters, Discussion on Counters in the SGX

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pundekman
post Oct 2 2015, 04:16 PM

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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.
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i got hup soon global. also whell connected with govt. Temasek has shares. dunno what happened to company now...
pundekman
post Oct 2 2015, 04:17 PM

Getting Started
**
Junior Member
101 posts

Joined: May 2009
QUOTE(Ramjade @ Oct 2 2015, 12:26 AM)
What is the duration for an inactive account? In Malaysia if there are no transaction in 7 years, the account is close and money will be moved to unclaim monies.

Also, how can you carry SGD4000 cash pass Malaysian & SG customs? As far as I know Malaysian law state that one cannot carry >RM10k cash out of the country.
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not more that equivalent USD10k. for RM denomination is 1k

 

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