Is POSB a STATE OWN Bank?

[GOD IS MY DOG]

dont be disheartened..just know that state owned companies are not legally LKY companies

legally not owned by LKY but controlled by him...........

 

[GOD IS MY DOG]

Maybe OLD MAN bought a lot of the SIA shares.

i don't think he even needs to buy the shares...........

 

[yewtongloong]

All Banks in Singapore are state controlled. Well I guess like everything else.

 

[hairylee]

i don't think he even needs to buy the shares...........

He sits on the Board of JP Morgan.
What the heck he needs these bits and pieces for.

 

[eErotica69]

All Banks in Singapore are state controlled. Well I guess like everything else.

Not UOB and OCBC.

 

[cockie]

Every companies, enterprise etc insingapore is "owned" by the government.

 

[Kuailan]

What ever POSB and DBS does, left to right, right to left,,
under Temasick wing, its still belongs to the FamiLee!!

 

[Capano2121]

How about the "perpetually replenishing bank" "Cheat Perpetually Fund"?? aka C.P.F. ha ha ha

That's a good one! It's a self replenishing piggy bank that they can tap on to anytime! Just up your points!

 

[Conqueror]

That's Why Revolution Is Important

Who owns DBS?

Always ask yourself: who are the majority shareholders?

This is the sad truth. But, some of us rather fight them out using the rule of the game - voting. You should know by now that this is useless for the next 15 years.

 

[Conqueror]

What About SIA ?

after taking over posb for like $1 or ridiculous amount, after that they still acted damm yaya and cleared the POSB house by getting rid and replacing the posb staff with their own...

nobody knew anything then because nobody knows how to spread news like on the internet like the present...besides thats all water under the bridge...

What about SIA or Singapore Changi Airport ? I heard someone mentioned that the PAP sold the vast land for a token sum. How is this translated on the accounting sheet ?

 

[Jimmy1978]

Re: What About SIA ?

Went onto posb bank site and from there you 'follow the money' or trace the family tree so to speak..so it links to DBS. Now let's look at their majority shareholders..

Citibank Nominees Singapore Pte Ltd: 440,943,672, 19.10%
DBS Nominees Pte Ltd: 369,754,143, 16.01%
Maju Holdings Pte Ltd: 351,745,560, 15.23%
Temasek Holdings (Pte) Ltd: 278,510,692, 12.06%
HSBC (Singapore) Nominees Pte Ltd: 151,803,972, 6.57%
United Overseas Bank Nominees Pte Ltd: 67,257,494, 2.91%

Let's look deeper..Maju (3rd largest shareholder) is a wholly-owned subsidiary of Temask Holdings (4th largest) and combined together they would be the controlling shareholders. And Temasek Holding is own by the State. So hope that answers the question.

 

[Kuailan]

My banker told me that POSB is no longer a State-owned bank?

How true is it?

Isn't Temasek Holding the major share holder?

Both banks are own by Jinx corporation!

 

[lianbeng]

lianbeng still remembers Post Office Savings Bank (POSB) used to be a small counter beside the Post Office where people bought stamps to stick on card to be presented to that counter as a form of savings habit.