Bloomberg: Singapore overpaid for Hainan Airlines

[frenchbriefs]

Singapore has already been one of these toxic debt deals,when we bought UBS,Ubuntu bank of somalia for a 2 year non negotiable convertible bond at 9 percent pa,which just nice collapsed a few months later when the us market fell out,leaving temasek with a bunch of worthless toilet paper which barely recovered to 40 percent it's original value 8 years later.

Although at that time temasek could have claimed they were unaware the Swiss were pulling a fast one over them.or the mofo idiot ho jinx or arse loong had no idea what a MBS or credit default swap was pre crisis since singapore was living under a rock.

But now temasek can claim they are fully experienced with this kind of shyt deals and walking in with their eyes open.

 

[virus]

they cant plead ignorance as clearly pointed out by then Jim Rogers boss of Quantum with Soros.

 

[555]

OFO and Xiaomi are also losing money because of cyptos crashing. Their subsidiaries have been involved cypto investments to fund for loss-making business models.

If Cyptos drop further, many of these money-burning businesses will run into cashflow problem.
Playing with words, OFO dismissed the APAC office in Singapore

https://kr-asia.com/ofo-claims-to-g...-in-just-two-months-amidst-signs-of-cash-woes
Apart from financial difficulties, a local media reported earlier this month that Ofo is laying off a large number of employees and several senior executives have or will resign, dismissing its entire overseas department and head of the department ZHANG Yanqi is said to have left.

Ofo co-founder YU Xin denied the rumour and said it’s unreasonable to dismiss the Singapore office