After FTX, Temasick extends poor investment track record with now near-bankrupt eFishery

[Hmv]

https://urlr.me/zmBUx7

 

[ChopSengHuat]

Here is the link
https://www.straitstimes.com/business/softbank-temasek-among-efishery-investors-facing-near-wipeout

SoftBank, Temasek among eFishery investors facing near wipeout​

 

[ChopSengHuat]

Investigators hired by the board of eFishery have determined the Indonesian start-up is in far worse shape than they previously thought, and that investors are likely to get back less than 10 US cents (13 Singapore cents) for every dollar they invested, according to documents seen by Bloomberg News.

The company, which deploys feeders to fish and shrimp farmers in Indonesia, incurred several hundred million dollars in lossesbetween 2018 and 2024 and misrepresented its financial figures for years, according to the documents and a person familiar with the matter who asked not to be identified because the information isn’t public.

“eFishery is not commercially viable in its current form,” said a presentation prepared for the firm’s investors by FTI Consulting Singapore, the adviser hired to review the business and take over management of the company.

 

[laksaboy]

You can add this and more of other examples to this thread.

Thread 'Never underestimate the PAP regime's talent for betting on the wrong horse'

Nov 22, 2023

Temasek-backed Vertex invests in cryptocurrency exchange Binance​

October 23, 2018
https://www.reuters.com/article/us-singapore-cryptocurrency-binance-idUSKCN1MX0B2/

Binance chief Zhao Changpeng pleads guilty in US in money laundering case, resigns as CEO​

22 Nov 2023
https://www.channelnewsasia.com/wor...ng-money-laundering-us-cryptocurrency-3938056

• laksaboy
• Replies: 19
• Forum: The Courtyard Café

• 

 

[millim6868]

Lol, sinkies will pay for it soon,by jacking up cie ,Rd tax, conservancy charges, rental up, income tax , insurance increased, ntuc n supermarket price increase

 

[bobby]

Why every time we hear TH lose money but never hear them make money with our CPF?

 

[laksaboy]

Why every time we hear TH lose money but never hear them make money with our CPF?

Even if they make money, not a dime will trickle down to you. Also, technically the CPF is not our money, it's another form of taxation.

 

[Cryotek]

 

[syed putra]

Luckin coffee have been resuscitated.