PAP Billionaire Grassroot Leader Receive Top National Day Honour

[xingguy]

Source: The Alternative View

Loyalty has its rewards...

Chua Thian Poh was also the seconder for Tony Tan during the Presidential Elections.

Do you think we will see those who adopt a contrarian stance to the PAP receive such an award?

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Reader's comment:

Andrew Loh http://www.honour.sg/advisors.html

Andrew Loh He's a billionaire and a member of the advisory panel to Honour.sg.
http://www.forbes.com/profile/thian-poh-chua/#

 

[escher]

When smear of shit on sole of shoe LKY become a rotting corpse, and dancers appear below lamp posts,
ALL THOSE WITH TOP NATIONAL DAY HONOUR WILL BE THE DANCERS AS WELL AS ITS CLEAR THEY WERE REWARDED FOR
HELPING LKY TO FUCK AND SCREW US OF BILLIONS INTO LKY STINKAPORE SOVEREIGN FUNDS



They continue to laugh all the way to their banks
And all the way back from their banks

HA HA HA HA
HEE HEE HEE HE HEEEE
HOO HO HOOO HO HO

Hang those PAP maggots cockroaches with piano wires from lamp posts to make them dance before it is too late and we have no more CPF to get back.
BBQ those PAP maggots cockroaches before it is too late and we have no more CPF to get back.
Cut a few more arseholes into those PAP maggots cockroaches to let out their shit before it is too late and we have no more CPF to get back.
Make those PAP maggots cockroaches eat joss sticks and candle wax before it is too late and we have no more CPF to get back.

 

[krafty]

the award goes to him to make up for his loss of income from property measures imposed in sinkieland.

 

[xingguy]

Source: Forbes

Singapore's 50 Richest >>
#23 Chua Thian Poh

[table="width: 500, class: grid"]
[tr]
[td]

[/td]
[td]Net Worth $1.3 Billion

As of July 2014 66

Source Of Wealth real estate, Self Made

Residence Singapore, Singapore

Citizenship Singapore

Marital Status Married

Children 4[/td]
[/tr]
[/table]
Property tycoon Chua Thian Poh enters billionaire ranks for the first time on new information on his private holdings, which include a stake in chocolate retailer FNA Group. Despite reporting a 92% drop in net profits in a recent quarter due to weak demand in high-end residences, shares of his property developer, which changed its name to Ho Bee Land in October, were up over the past year, buoyed partly by brisk sales of The Metropolis, a new development of 2 office towers. To offset weak home market, Ho Bee is continuingexpanding abroad, acquiring within the past year, prime office buildings in central London for more than $400 million. Along with his wife and brother, Chua Kong Chian, he owns 72% of company that is best known for developing posh condos, notably in Sentosa Cove.

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Chinese Premier Wen Jiabao, left, clap together with Singapore's Minister Mentor Lee Kuan Yew, center, and Chairman of Ho Bee Investments, Chua Thian Poh, right, during the launch of the Business China Program launch on Monday Nov. 19, 2007 in Singapore.(AP Photo/Wong Maye-E)

MUMBAI, INDIA: President of the Singapore Chinese Chamber of Commerce and Industry (SCCCI) Chau Thian Poh smiles during a press conference in Mumbai, 25 May 2006. Poh, along with a 40-member high level business delegation from the SCCCI, arrived in Mumbai to overview business and investment opportunities in the western Indian state of Maharashtra.(Photo: SEBASTIAN D'SOUZA/AFP/Getty Images)

 

[tanwahtiu]

Si muh si PA porlumpar member boh? CCC RCC or simi lancheow CCC

Source: Forbes

Singapore's 50 Richest >>
#23 Chua Thian Poh

[table="width: 500, class: grid"]
[tr]
[td]

[/td]
[td]Net Worth $1.3 Billion

As of July 2014 66

Source Of Wealth real estate, Self Made

Residence Singapore, Singapore

Citizenship Singapore

Marital Status Married

Children 4[/td]
[/tr]
[/table]
Property tycoon Chua Thian Poh enters billionaire ranks for the first time on new information on his private holdings, which include a stake in chocolate retailer FNA Group. Despite reporting a 92% drop in net profits in a recent quarter due to weak demand in high-end residences, shares of his property developer, which changed its name to Ho Bee Land in October, were up over the past year, buoyed partly by brisk sales of The Metropolis, a new development of 2 office towers. To offset weak home market, Ho Bee is continuingexpanding abroad, acquiring within the past year, prime office buildings in central London for more than $400 million. Along with his wife and brother, Chua Kong Chian, he owns 72% of company that is best known for developing posh condos, notably in Sentosa Cove.

---

End of article​

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Chinese Premier Wen Jiabao, left, clap together with Singapore's Minister Mentor Lee Kuan Yew, center, and Chairman of Ho Bee Investments, Chua Thian Poh, right, during the launch of the Business China Program launch on Monday Nov. 19, 2007 in Singapore.(AP Photo/Wong Maye-E)

MUMBAI, INDIA: President of the Singapore Chinese Chamber of Commerce and Industry (SCCCI) Chau Thian Poh smiles during a press conference in Mumbai, 25 May 2006. Poh, along with a 40-member high level business delegation from the SCCCI, arrived in Mumbai to overview business and investment opportunities in the western Indian state of Maharashtra.(Photo: SEBASTIAN D'SOUZA/AFP/Getty Images)

 

[xingguy]

Si muh si PA porlumpar member boh? CCC RCC or simi lancheow CCC

Post #1 li wu kwa boh, repost pic here.

 

[Narong Wongwan]

This idiot earned his billions simply by following instructions and being privy to insider info.
Sentosa cove is perfect example.

 

[Leongsam]

Do you think we will see those who adopt a contrarian stance to the PAP receive such an award?

​

​

I have been giving the PAP my undying support but I am still waiting for my award.

 

[Leongsam]

This idiot earned his billions simply by following instructions and being privy to insider info.
Sentosa cove is perfect example.

He owes his success to this Tony Tan hairstyle.

 

[songsongjurong]

Mutual patronising...

 

[scroobal]

The Auditor General and his entire department must be the laughing stock of this country. He reports to the President directly and the President's seconder is none other than the same Chua Thian Poh who was implicated in the scandal where plots of Sentosa land was sold to him without tender. It was the Auditor General's staff that uncovered it and reported it.

Chua who resigned from SDC as Chairman went on to acquire land and must have known what the plans of. Sentosa was going to be. Conflict of interest or insider trading scenarios looms large no matter how you look at it.

Chua was went on to develop Sentosa Cove which became a runaway success because any foreigner acquiring a property in Sentosa Cove would be eligible for PR and it was sold as a package.

Chua is also the CCC Chairman of Braddell whose MP is MAS Selmat's chief protagonist.

In fact it is Chua Tian Poh who should be awarding the Distinguished Service Order to the Government of Singapore for unparalleled service that it has rendered o him over the years.

 

[scroobal]

Here is the wayang to cover the tracks.


The Business Times - March 7, 2007
By: Wee Li-en


THE Ministry of Trade and Industry (MTI) has further clarified the issue of land sales at Sentosa Cove.

Yesterday's statement followed the background given by MTI Minister Lim Hng Kiang in Parliament on Monday to questions relating to the Auditor-General's findings that there were deficiencies in land sales procedures at Sentosa Cove.

In its statement yesterday, the MTI said that based on past experiences, selling land in a complex mixed development like Sentosa Cove using the normal government methods would not achieve the best value.

Sentosa Development Corporation (SDC) therefore formed a private sector company, Sentosa Cove Private Limited (SCPL), to undertake the land sale, adopting practices commonly used in the private sector to better meet market needs. These have proven to be effective, and Sentosa Cove has done well over the past few years, it said.

However, the Auditor-General found that such practices do not comply with the government's Instruction Manual which the SDC as a statutory board has to follow. The MTI statement yesterday elaborated on the three instances cited by the AG.

The first relates to the award of 24 bungalow parcels to a sole bidder, Ho Bee Investments Pte Ltd, at a price below valuation. MTI said the tender exercise took place just the year after the Sars outbreak, and given that it was the first en bloc sale of bungalow plots, it was unclear how much risk developers were prepared to bear.

The SCPL thus made a commercial decision, which took into consideration the prevailing market sentiment and the fact that the bid price was still substantially higher than what SDC had paid the state for the land.

In addition, being the first en bloc sale, the valuation process may not have adjusted adequately for the higher perceived risks and uncertainties.

The MTI said that SCPL's key consideration was to maximise the returns from the overall portfolio of land sites in Sentosa Cove and not of individual plots.

The steady build-up of market confidence and sales momentum for Sentosa Cove that followed bears out SCPL's judgment to give the award, the MTI said.

The second issue cited by the AG involved the sale of 33 bungalow land parcels in August 2005 using an expression of interest (EOI) - an approach commonly practised in the private sector. SCPL had sent a letter of invitation to all 170 Redas developers to participate in the exercise, of which only 15 developers indicated interest and subsequently obtained the marketing brief and EOI kit from SCPL. These 15 developers were thus informed of the EOI details, including the award criteria as well as the subsequent extension of the deadline. This is similar to normal tendering procedures, where the practice is to notify only the registered prospects of changes in specifications.

In addition, in response to a specific query by some Redas members during the EOI exercise, SCPL clarified, before the EOI deadline, that they reserved the right to make a counter-offer to the highest bidder should the received bids fall below expectations. This was duly made known to all 170 Redas developers on the same day that the query was received.

The third point raised in the AG's report relates to a former SCPL board member who participated in an open tender for land sales at Sentosa Cove after he retired from the board.

Putting things in context, the MTI said SDC and SCPL board members are not disqualified from participating in Sentosa Cove land sales. The MTI said that it would not be fair or practical to disqualify them because respected individuals with real estate experience have been invited to sit on the board.

Instead, to ensure transparency and fair competition, board members wishing to participate in any sale of sites have to declare their interest in writing and submit a confidentiality undertaking.

In this instance, the director, Chua Thian Poh, even though he was no longer a board member when Ho Bee Developments Pte Ltd submitted its bid and was no longer subject to the disclosure requirement, did declare his interest and submitted a confidentiality undertaking before participating in the open land tender exercise. Mr Chua's company, Ho Bee Developments Pte Ltd, submitted bids for four land parcels, and won the tender for two plots as it was the highest bidder.

THE MTI said that following the AG's observations, the SDC has reconciled its sale practices with the government's Instruction Manual and obtained exemption from certain provisions. SDC will also further review and tighten the procedures for its Sentosa Cove land sales, the MTI said yesterday.

 

[sochi2014]

A country is really shallow when it awards the country's highest honors only to the wealthy people.

What about those non profit organizations or even religious leaders? Who are more altruistic?

 

[Leongsam]

What about those non profit organizations or even religious leaders? Who are more altruistic?

What have these sorts of clowns done for the country?

 

[soikee]

This idiot earned his billions simply by following instructions and being privy to insider info.
Sentosa cove is perfect example.

This rank & file PAP running dog receives the top honour for lining his pockets!

 

[escher]

The Auditor General and his entire department must be the laughing stock of this country. He reports to the President directly and the President's seconder is none other than the same Chua Thian Poh who was implicated in the scandal where plots of Sentosa land was sold to him without tender. It was the Auditor General's staff that uncovered it and reported it.

Chua who resigned from SDC as Chairman went on to acquire land and must have known what the plans of. Sentosa was going to be. Conflict of interest or insider trading scenarios looms large no matter how you look at it.

Chua was went on to develop Sentosa Cove which became a runaway success because any foreigner acquiring a property in Sentosa Cove would be eligible for PR and it was sold as a package.

Chua is also the CCC Chairman of Braddell whose MP is MAS Selmat's chief protagonist.

In fact it is Chua Tian Poh who should be awarding the Distinguished Service Order to the Government of Singapore for unparalleled service that it has rendered o him over the years.

as said earlier,

HANG THOSE PAP RUNNING DOGS WHO ARE BASTARDS ONLY GOOD FOR DANCING UNDER LAMP POSTS




They continue to laugh all the way to their banks
And all the way back from their banks

HA HA HA HA
HEE HEE HEE HE HEEEE
HOO HO HOOO HO HO

Hang those PAP maggots cockroaches with piano wires from lamp posts to make them dance before it is too late and we have no more CPF to get back.
BBQ those PAP maggots cockroaches before it is too late and we have no more CPF to get back.
Cut a few more arseholes into those PAP maggots cockroaches to let out their shit before it is too late and we have no more CPF to get back.
Make those PAP maggots cockroaches eat joss sticks and candle wax before it is too late and we have no more CPF to get back.

 

[iluvgst]

He definitely deserves the medal because his sentosa bungalows obtained from his insider trading info helped generate millions of tax revenue for the government.

 

[Romagnum]

I must dye my hair white and comb backwards with Tancho to test Sam Leong's theory.

 

[scroobal]

This guy claims in the press that he was surprised by the award. Someone should tell that many people were also surprised by the award.

This rank & file PAP running dog receives the top honour for lining his pockets!

 

[escher]

This guy claims in the press that he was surprised by the award. Someone should tell that many people were also surprised by the award.

Will he be surprised when he dance under the lamp post?


They continue to laugh all the way to their banks
And all the way back from their banks

HA HA HA HA
HEE HEE HEE HE HEEEE
HOO HO HOOO HO HO

Hang those PAP maggots cockroaches with piano wires from lamp posts to make them dance before it is too late and we have no more CPF to get back.
BBQ those PAP maggots cockroaches before it is too late and we have no more CPF to get back.
Cut a few more arseholes into those PAP maggots cockroaches to let out their shit before it is too late and we have no more CPF to get back.
Make those PAP maggots cockroaches eat joss sticks and candle wax before it is too late and we have no more CPF to get back.