Ho Jinx Dumps Chao Tar for Korea LED

[makapaaa]

<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>What's the ulterior motive for Ho Jinx? To create employment for foreigners?

Published November 4, 2009

</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Temasek to buy stakes in two Korea LED firms

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(SEOUL) Singapore investment company Temasek Holdings will pump 284.7 billion won (S$336.7 million) to buy shares in South Korean light emitting diode (LED) company Seoul Semiconductor and its affiliate.

A brokerage that advised on the sale said yesterday that Temasek would acquire a 12 per cent stake in Seoul Semiconductor and a 9 per cent stake in affiliate Seoul Optodevice and keep the holdings for at least one year.
Temasek also confirmed the investment, saying that investing in the South Korean companies fits well with Temasek's investment theme of supporting emerging champions.
=> Sure, use Sporns' blood and coffin money to fund foreigners.
'SSC is well-positioned to benefit from the industry's long-term growth potential as LEDs continue to gain traction as an energy-efficient and eco-friendly lighting alternative,' Peng-Huat Ang, a managing director of Temasek, said in a statement, in reference to Seoul Semiconductor.
South Korean brokerage Daishin Securities said in a statement that Seoul Semiconductor and Seoul Optodevice would use the fresh money from Singapore's wealth fund for research and development as well as expanding production capacity.
LED consumes less power and lasts longer than traditional light sources and is increasingly used in electronic products from mobile phones to flat-screen televisions.
Shares in Seoul Semiconductor have more than quadrupled so far this year, fuelled by strong prospects for the fast-growing LED market.
Temasek holds a 9.6 per cent stake in South Korea's No. 4 banking group Hana Financial Group. -- Reuters
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[BlueCat]

so can expect our hard-earn going down the drain again.

 

[scroobal]

Even a dumb donkey will strike it rich once in a while.

so can expect our hard-earn going down the drain again.

 

[whorejinx]

As usual, any business that is touched by the PAP & Lees will only turn in to SHIT in no time. More than a dozen solid examples, from Shuzhou Ind Park to NZ Airline to Micropolis to Indon Satellite to Thakshin's Shin Corp Satellites etc.

No exception.

 

[Watchman]

Launder money away from Singapore, maybe ! Set up cronies subsidiaries

Losses are ok .

Every year collection of taxes can only increase . Cannot decrease .

They have to justify the budget for same amount year on year .