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The Rich get Richer, Lee Hsien Yang strike lottery again

Papsmearer

Papsmearer

Alfrescian (InfP) - Comp
Generous Asset
Joined
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Messages
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As everyone knows by now, thai beverage king, Charoen is buying F &N for $9.55 per share. Also, as we know, Prince Lee Hsien Yang is the CEO of F & N.

Prince Lee owns or controls 588,240 ordinary shares of F & N = $5.6177 million
Also owns 160,000 prefered shares which are the equivalent of 135,078 (after preferred shares converted to ordinary shares = $1.23 million
Finally, he owns 955,078 ordinary units in the F & N commercial trust. How much this is worth, I have not managed to look it up.

All in, not a bad haul for someone considered the bodoh of the Lee famlilies, and I am sure many of his shares were obtained at alow price as a stock option/bonus. Good job Hsien Yang.
 
hi there


1. aiyoh!
2. easy monies for doing literally nothing.
3. all-in-one-familee:D
4. where will it go next to suck it dry again:D
 
Lee can strike lottery, you can strike lottery too bruders.
So go out and buy lottery ok?
 
why would someone wanna sell a profitable company like F&N which is by the way a local icon that produces soft drinks many grew up with?
 
Every life are unpredictable, just my opinion :) No matter how rich you are, how much more money you have also cannot bring it along with you when your time comes to die. During my younger day, my father used to tell me no matter how rich or poor you are, you only need a comfortable bed, a blanket and a pillow and a reasonable 2-3 meals a day to live your life happily and meaningful as long as you have enough money to spend. And also, when we die we only need a space of 3 ft by 6ft to rest-in-peace :)
 
He sells company, his brother sells land. Both make lots of money but benefit who?
 
jw5 said:
Papsmearer, long time no see and hear.
Click to expand...

hahaha JW, u remember me. I have been very busy with the business and travel on business. Hope to be more regular now. How come u have almost 6000 points now?
 
8868 said:
Every life are unpredictable, just my opinion :) No matter how rich you are, how much more money you have also cannot bring it along with you when your time comes to die. During my younger day, my father used to tell me no matter how rich or poor you are, you only need a comfortable bed, a blanket and a pillow and a reasonable 2-3 meals a day to live your life happily and meaningful as long as you have enough money to spend. And also, when we die we only need a space of 3 ft by 6ft to rest-in-peace :)
Click to expand...

Did your father think you would be gay and not have children? ALl u say is well and true if there is only u in the world. U have kids and a wife and what are they going to do with no money? U gonna share your 2-3 meals a day with your household of 4?
 
Papsmearer said:
hahaha JW, u remember me. I have been very busy with the business and travel on business. Hope to be more regular now. How come u have almost 6000 points now?
Click to expand...

Good to have u back. Forum not as edgy when u were away.

My points?
1. Forum buddies give
2. Buy premium account
3. The rare occasional good post rewarded
 
Why not all of you peasants buy lottery like ah Yang n just ah!
 
Papsmearer said:
As everyone knows by now, thai beverage king, Charoen is buying F &N for $9.55 per share. Also, as we know, Prince Lee Hsien Yang is the CEO of F & N.

Prince Lee owns or controls 588,240 ordinary shares of F & N = $5.6177 million
Also owns 160,000 prefered shares which are the equivalent of 135,078 (after preferred shares converted to ordinary shares = $1.23 million
Finally, he owns 955,078 ordinary units in the F & N commercial trust. How much this is worth, I have not managed to look it up.

All in, not a bad haul for someone considered the bodoh of the Lee famlilies, and I am sure many of his shares were obtained at alow price as a stock option/bonus. Good job Hsien Yang.
Click to expand...

All the shares were givin to him when he was Chairman!
 
leetahbar said:
why would someone wanna sell a profitable company like F&N which is by the way a local icon that produces soft drinks many grew up with?
Click to expand...

Is better that you sell a company when it is profitable rather than when it starts to go red.

I used to have a rich friend which is the supplier for Motorola in Singapore, he sold his company to others during that time when Motorola phones are selling like hot cake. A lot of people during that time feel that he is stupid, how can you sell your company when it is making so much money... Now as we know what happen to the Motorola phone. He sure make the correct choice to sell it...:cool:
 
Papsmearer said:
hahaha JW, u remember me. I have been very busy with the business and travel on business. Hope to be more regular now. How come u have almost 6000 points now?
Click to expand...

I think its over 6000 liao
 
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