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Chitchat Whorejinx's Temasek is sitting on Stand Chart $8b paper loss
- Thread starter Dinkum
- Start date
Looks like the Khoo family made Whore Jinx the sucker
looks like a good time to buy.
No Sir... Khoo family was forced to donate one hospital and sell Stand Chart's stake to Temasek or be charged for the patriarch's wrongful purchase of Scott Road property next to the Goodwood Park Hotel.
Let's say it's karma.
Well the Khoo family must be very happy at these turn of events.
Karma indeed and sinkies will be milked yet again for these losses
In 1999, husband and wife were courting Peter Seah, CEO and President of OUB to persuade OUB owner Lien Ying Chow to sell the bank to Temasek owned DBS. In 2001, Lien sold it to UOB's Wee Cho Yaw. In 2006, Temasek finally got their chance to acquire a more global bank SCB by forcing Khoo's daughters to hand it over. Within a week SCB lost 5% of its share price. Bear in mind under Khoo, the Bank was appreciating in value over many years.
They left it to a bunch of Ang Mos who nearly led to the loss of their US dollar clearing account in NY due to Money Laundering and Sanctions violations involving Iran. Bsear in mind, the central bank for SCB is MAS and note its the same issue with BSI. SCB paid $327m in fines to the US authorities and ordered it to be placed on a watch list.
By end of 2015, the SCB was teetering over the edge.
They left it to a bunch of Ang Mos who nearly led to the loss of their US dollar clearing account in NY due to Money Laundering and Sanctions violations involving Iran. Bsear in mind, the central bank for SCB is MAS and note its the same issue with BSI. SCB paid $327m in fines to the US authorities and ordered it to be placed on a watch list.
By end of 2015, the SCB was teetering over the edge.
Ho Ching is not really a business woman.
Running a business take a real business man like Lee Ka Shing. Foresight, real guts, do or die spirit. Able to push through deals.
You all cannot appreciate her talent. Value destruction is not easy to achieve with such consistency.
Why did standard chartered thrive under khoo or wee and not under temasek?
not only foresight, must hv foreskin also. no point puling clits over the eyes
easy fix, up CPF withdrawal age, ram up GST, up utilities bill, up parking fee, up COE, reinstate TV & radio license
Khoo started his corporate life as a bank clerk and rose thru the ranks in OCBC. He founded Maybank which the Malaysian govt took over. Its in his blood. He also knew how to pick his people.
Well said. It actually very difficult to destruct values in a consistent manner of companies which previously have had a good track record.
it's only a drop in the bucket. all portfolios combined have a positive return. must look at the big picture.
Cannot be. Family decided to sell after khoo died. They also offered scb to khazanah but they decline. Temasek, on the other hand took the offer.
According to a little bird from the West, Ho Ching a/k/a Buy-High-Sell-Low didn't really want the job but it was Old Fart's royal decree. Who in Familee dared to disobey its patriarch?
Retirement age will be 85....you can start withdrawing your CPF at 91, must maintain a minimum sum of S$500,000 to factor in inflation, cost of living & their losses in long term investments....in other words....YOU GAVE THEM THE MONEY...tell it to the 70% dumbf$#$^%^
When Tan Sri Khoo was residing at Pierce/Swettenham Road, I had the privilege to witness how he would summon the Stan Chart Angmoh CEO to fly from London to get greased by Tan Sri in his study room at his residence.
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