Looks like the Khoo family made Whore Jinx the sucker
Well the Khoo family must be very happy at these turn of events.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.
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.
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.
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.
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.
Why did standard chartered thrive under khoo or wee and not under temasek?
You all cannot appreciate her talent. Value destruction is not easy to achieve with such consistency.
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.
Ho Ching is not really a business woman.
easy fix, up CPF withdrawal age, ram up GST, up utilities bill, up parking fee, up COE, reinstate TV & radio license
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.