Man U skips Singapore and files for IPO in U.S. instead
(PHOTO- Bloomberg) (3 Jul) - Manchester United Ltd., the English soccer team with a record 19 national championships, filed to raise $100 million in a U.S. initial public offering. The club didn’t say how many shares it will offer or at what price in a filing yesterday with the U.S. Securities and Exchange Commission. The...
Temasek group net profit falls 16% to $11B
Temasek Holdings announced on Thu (5 Jul) that its group net profit for the year ended 31 Mar fell 16% to $10.7 billion from $12.7 billion last year, amid a slower global economy. The drop in net profit was due to fall in contributions from its portfolio companies. Singapore Airlines, in which Temasek has a 56 percent stake,...
Not My Own Money
If you have to ask, you can't afford it Not too long ago, there was an outcry over the $1,200 Herman Miller chairs bought by Nanyang Technnological University (NTU). Then it surfaced that Khaw Boon Wan had ordered 150 sets of the Herman Miller Celle® model for office use in National University Hospital when he was in charge....
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