we can kiss our $3billion investment in Shin Corp goodbye. Once
you have a company that is tainted politically; its market value
gradually starts to erode. So who is going to be responsible for
the eventual singapore tax payers loss on the investment?
From the outset, any smart investment banker would have seen right
through the potential political fallout as the original owners of
Shin Corp were closed linked politically. For example for Thaksin
to push the level of foreign ownership up overnight, prior to the
sale, would have been a clear sign that the potential of a Thai
political fallout was high from the start.
You got a point here. Temasek holdings is too blinded by greed
and profit mindsets, and failed to see the political consequences
of the Shin Corp purchase. They underestimated the national pride
of the Thais and now they have burned their fingers. No wonder they
are keeping tight lipped about this... bet they are feeling really
paiseh.
$3 Billion gone on this screwed up business transaction!!!!
I think I slog my whole lifetime cannot even
earn 3 Million lor! Somemore most of them from our taxpayers money.
I seriously think right, Temasek Syndicate really too much money in
their hands le, splash it on it anyway like nothing liddat. The
opposition should speak up on this!
I know this sounds bad, but I have to admit that I don't feel
anything much with pictures of LHL and HC are burned, unless the
Thais start attacking Singaporeans in Thailand orburning our
embassies, then I would get started. My brother is working in
Bangkok and his office is right next to the Singapore embassy, and
I fear for his safety. May the crisis defuse peacefully soon.
