why are pap mps holding so many titles?

[leetahbar]

his capability or his connection?

http://www.nextinsight.net/index.ph...n-ups-stake-far-east-is-new-major-shareholder

this shortie messes up a lot of things that are now fxxking expensive. eg. hdb prices, coe prices and etc....all credits due to this bloody evil dwarf.

 

[leetahbar]

Re: his capability or his connection?

FORMER CABINET minister Mah Bow Tan, 65, has increased his stake in GSH Corporation, becoming its No. 5 biggest shareholder.

The newly-released 2013 annual report shows that Mr Mah owned (as at 18 Mar 2014) 365,575,000 shares with a current market value of about S$28 million (based on stock price of 7.7 cents).

In the 2012 annual report, his shareholding was 165,000,000 shares and he was the No.6 largest shareholder.

The increase can largely be attributed to a 1-for-1 rights issue that took place in May 2013.

It appears that Mr Mah subscribed for his entitlement of 165 million rights shares and successfully applied for 35,575,0000 excess rights shares that were not subscribed by other shareholders.