Selling our Trident (NOL)
The announcement by Temasek Holdings that it is selling its entire stake in Neptune Orient Lines (NOL) to a French shipping conglomerate is paradoxically both a disappointment and a relief. It is ironic that we are capping off the SG50 year with the sale of an iconic national asset. It is a disappointment because, shipping...
NOL: Another Case of Value Destruction by Our Natural Aristocracy
CMA CGM, a major global shipping company based in France, today announced that it had agreed to acquire Temasek’s 67% stake in NOL at a price of S$1.30 per share. As required under the Singapore Takeover Code an offer to the minority shareholders will follow once antitrust approvals are obtained. Since the two companies...
Justice finally for victims of AB personality cult
Aravindan Balakrishan London 6 December 2015 – The conviction of 75-year old Aravindan Balakrishnan of several counts of rape, indecent sexual assault, causing bodily harm, cruelty to a person under 16, and false imprisonment by a London court makes international headline. It is bizarre for a person to be held in captivity...
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