Archive for the ‘Business’ Category
Hyflux should consider approaching Tom Cruise to sell Tuaspring

Hyflux should consider approaching Tom Cruise to sell Tuaspring

Hyflux has been planning to sell Tuaspring at its book value of $1.3 billion since February last year. Obviously no investors are stupid enough to buy Tuaspring at Hyflux’s price: Tuaspring has been losing money since 2013. 5 months ago, CEO Olivia had still refused to budge on Tuaspring’s selling price and boasted: “We... 

Temasek should disclose hundreds of million$/billion$ paid out in ‘Wealth Added’ bonus from Alibaba investment

Temasek should disclose hundreds of million$/billion$ paid out in ‘Wealth Added’ bonus from Alibaba investment

Temasek’s FY2018 annual report disclosed in footnotes Wealth Added (WA) bonuses paid for a single investment: Alibaba. With a market value of US$6.7 billion in Q2, Alibaba is Temasek’s biggest US-listed investment. Temasek was reported to have made US$300 million after divesting 7.3 million shares in Q4 2014.  Subsequently,... 

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