NOL Shareholders, Count Yourselves LUCKY!

[makapaaa]

And fxxx Ho Jinx if you can!

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Oct 11, 2008
</TR><!-- headline one : start --><TR>NOL and Hapaq-Lloyd deal off <!--10 min-->
</TR><!-- headline one : end --><!-- show image if available --><TR vAlign=bottom><TD width=330>

</TD><TD width=10>

</TD><TD vAlign=bottom>

NOL said in a statement on late Friday 'it is no longer engaged in the bidding process for the sale' of Hapag-Lloyd (above). -- PHOTO: AP
</TD></TR></TBODY></TABLE>




<!-- START OF : div id="storytext"-->
SINGAPORE'S Neptune Orient Lines (NOL) has dropped out of the race to buy German container shipping line Hapag-Lloyd, NOL said.
NOL, which is 66 per cent owned by Singapore sovereign wealth fund Temasek Holdings, said in a statement on late Friday 'it is no longer engaged in the bidding process for the sale' of Hapag-Lloyd.
The Singapore firm's bidding offer submitted on Sept 26 has lapsed, NOL said. Hapag-Lloyd is the container shipping unit of German leisure and shipping group TUI.
'NOL will now put all its energy into managing through the current container shipping downcycle and providing our customers with the service they have come to expect of our organisation,' NOL group president and chief executive Ron Widdows said in the statement.
NOL had not given details on the value of its bid but said that a successful acquisition would have created the world's third biggest container carrier. 'We submitted a bid that we believed fully valued Hapag-Lloyd and which addressed the challenging market conditions facing the container shipping industry,' Mr Widdows said. -- AFP

 

[DIVISION1]

A decision was made after careful deliberation of many factors. Perhaps moniker makapaaa should try a hand in real business and investment, rather than hide talent behind a computer screen. You can either prove yourself or appreciate the difficulties involved in business and investment.

 

[mockingbird]

Temasek companies have a hack of over paying in acquisitions but overcharging S'poreans in essential services.

 

[makapaaa]

A decision was made after careful deliberation of many factors. Perhaps moniker makapaaa should try a hand in real business and investment, rather than hide talent behind a computer screen. You can either prove yourself or appreciate the difficulties involved in business and investment.

Read the report carefully. It's the Germans who refuse to sell to your owners. Anyway, u're out of point. Dun let whatever is left of your human intelligence to be consumed by your fantasy of you sucking your owners' xxxx .

 

[DIVISION1]

Please do not oversimplify decisions of such magntitudes.

 

[mockingbird]

It's a question of judgements. Good or bad, the events aftermath will tell.

 

[twochan]

You should compile a list of Ho Ching's great successes to prove your point.

to get you started, here's one.

http://en.wikipedia.org/wiki/Micropolis_Corporation

I'm sure you can find many many more.

A decision was made after careful deliberation of many factors. Perhaps moniker makapaaa should try a hand in real business and investment, rather than hide talent behind a computer screen. You can either prove yourself or appreciate the difficulties involved in business and investment.

 

[myo539]

Those who don't wish Singapore well will not die an easy death. I won't even say "FxxK you" because they will remain an eunuch!

 

[dysentry]

I'm still waiting for NOL shares at one quid.

 

[besotted]

Temasek is smart. Temasek didn't fall for it. The other group just wanted more for their stake and Temasek saw thorugh it. Good for NOL stock