Capitaland Investment 02 (Jun 10 - Dec 24)

Capitaland Investment 02 (Jun 10 - Dec 24)

Postby LenaHuat » Wed Jun 02, 2010 5:20 pm

Since the onset of the global financial crisis, LiewMungLeong has been losing his "A" team. Today, another left. Who's left? The successors have yet to prove themselves in leadership roles.
Please be forewarned that you are reading a post by an otiose housewife. ImageImage**Image**Image@@ImageImageImage
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Re: Capitaland 2 (Jun 10 - Dec 10)

Postby Chinaman » Tue Jun 08, 2010 2:23 pm

CapitaLand, recently pump-in billions of dollars ‘ah kong’ money in China properties, Now ‘tow key’ liao, their asset nose dive southwards. That is the problem with ‘ah kong’ corporate company, gamble big big, then can ask for big bonus and high salary…if go wrong, then too bad not his money shareholder suffer, ……If short of fund , call for right issue lor,…see now pump huge sum money in Vietnam liao….how much is this CEO Liew’s salary?

That why if I have money, I wouldn’t buy DBS, family companies (UOB & OCBC) is safer because they cook & eat their own food


CapitaLand's Vietnam investments could soar

CapitaLand could raise its investments in Vietnam to US$2-2.5 billion in three to five years, from US$1.2 billion today.
CapitaLand will enter the 'affordable housing' market in Vietnam aggressively, the property group's president and CEO Liew Mun Leong said.
It will build homes in Hanoi and Ho Chi Minh City for households with a monthly income of about US$2,000. According to CapitaLand, 58 per cent of households in these cities are in this category.
The homes could be priced around US$1,000 per sq metres (psm) and could measure 60-70 sq m. The developer will provide basic fittings. The aim is to provide housing that ordinary people can buy, Mr Liew said.
To achieve this, CapitaLand is likely to seek a minority partner to help it obtain land at economical prices.
CapitaLand is currently developing more than 4,000 residential units in Vietnam, some of them at two projects in Hanoi. At mid-end project Mulberry Lane, 71 per cent of 768 units launched have been taken up, and selling prices range from US$1,500- 1,800 psm.
CapitaLand is also keen on building malls in Vietnam, and is looking for land in Hanoi's new central business district. The malls would be similar to suburban shopping centres in Singapore, carrying items that serve the needs of a growing middle-class.
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Re: Capitaland 2 (Jun 10 - Dec 10)

Postby Chinaman » Thu Jun 10, 2010 11:57 am

Bu Song, this highly paid CEO (chia liew bee)....putting in SG blood money in tiger mouth...yet commanding more than 10 million (per anum) salary....almost 1 month a million, this is SG style.no eye see...

In Vietnam their inflation is more than 10%, in this case our 'CrabLand' need to make in excess of 15% only to cover back their capital cost….why take such a big risk, dun you think cash in pocket n do nothing is a better strategy in uncertainty time…dun wait liao….short them..hor e c (give him die)…wait long long the north Vietnamese will give you money, fat hope.
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Re: Capitaland 2 (Jun 10 - Dec 10)

Postby millionairemind » Mon Jun 28, 2010 7:50 pm

June 28, 2010, 6.25 pm (Singapore time)

CapitaLand rids stake in China co for S$117 mln, to make S$33 mln net gain


CapitaLand Limited said on Monday that its subsidiary, CapitaLand (Sichuan) Holdings Pte Ltd, has sold its entire 50 per cent stake in Sichuan Zhixin CapitaLand Co, Ltd (SZC) to Chengdu Zhixin Industrial (Group) Co, Ltd. (CZI) for RMB570 million (about S$117 million) in cash.

SZC is a property development company in China. It is a joint venture between CapitaLand and CZI, which holds the remaining 50 per cent.

'The sale is part of CapitaLand Group's ongoing strategy of capital productivity,' the company said.

The sale is expected to be completed in the third quarter of 2010.

SZC will cease to be an associated company of CapitaLand and CapitaLand will recognise in its Group consolidated financial statements a net gain of about S$33 million.
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Re: Capitaland 2 (Jun 10 - Dec 10)

Postby kennynah » Wed Jun 30, 2010 12:58 am

'The sale is part of CapitaLand Group's ongoing strategy of capital productivity,' the company said.

nice term.....must learn to use this to sound financially savvy....
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Re: Capitaland 2 (Jun 10 - Dec 10)

Postby millionairemind » Tue Jul 06, 2010 6:58 am

Published July 6, 2010

CapitaLand's S'pore residential business CEO resigns

This marks the 5th departure of a senior exec at the group in last 2 years


By KALPANA RASHIWALA

PROPERTY giant CapitaLand yesterday announced the resignation of Patricia Chia as CEO of its Singapore residential business 'to spend more time with her family'.

Ms Chia: Key role in establishing CapitaLand Residential S'pore as a leading developer

Her job will be taken over by Wong Heang Fine, who will concurrently continue in his present role of developing CapitaLand's business in the Gulf Cooperation Council (GCC) region.

Ms Chia's resignation marks at least the fifth departure of a senior executive from the group in the past two years.

The departure train began to take off in September 2008, with the shocking announcement of the resignation of Pua Seck Guan, who was CEO of CapitaLand Retail and chief executive of CapitaMall Trust Management Ltd. The day after his resignation was announced, CapitaMall Trust lost over $300 million of its market capitalisation. Mr Pua now heads international operations at Indian real estate giant DLF and is based in Singapore; he has also set up his own property fund management outfit, Perennial Real Estate.

Then in December 2008, CapitaLand announced that its chief corporate officer Tham Kui Seng, was leaving, 'to pursue personal interest'.

In June last year, the company announced that its chief investment officer Kee Teck Koon, was retiring. However, Mr Kee was recently named chairman of CapitaMalls Malaysia Reit Management Sdn Bhd, the manager of the soon-to-be-listed CapitaMalls Malaysia Trust.

In April this year, it was announced that CapitaLand Financial CEO Lui Chong Chee, would exit the company on June 1 to pursue his personal interests. Mr Lui, however, remains as chairman of CapitaLand's Australian unit Australand.

Messrs Kee and Tham were members of CapitaLand Group president and CEO Liew Mun Leong's 'inner kitchen cabinet' as he terms his inner circle. Market watchers note that another member in that league to have parted ways earlier was Hiew Yoon Khong. He was CEO of CapitaLand Commercial and CapitaLand Financial when he left the group in 2003. He is now CEO of Mapletree Investments, a fully owned real estate subsidiary of Temasek Holdings.

In its statement yesterday announcing Ms Chia's departure, Mr Liew said: 'Patricia has worked with me in various capacities over the years. She joined Pidemco Land in 1996 and, given her excellent execution skills, she has played a key role in establishing CapitaLand Residential Singapore as a leading developer in Singapore today. She has now requested to step down to spend more time with her family and I have acceded to her request.'

CapitaLand was formed in 2000 out of a merger between Pidemco Land and DBS Land.

Ms Chia is 55.

Her successor, Mr Wong, 52, holds degrees in mechanical engineering, and engineering production and management.

'Heang Fine, with his track record in the areas of engineering and construction globally, will bring a new perspective to the Singapore residential business as we enter the next phase of growth,' Mr Liew said.

Mr Wong joined the CapitaLand Group in 2006. He had previously been president and CEO of SembCorp Engineers and Constructors and prior to that, held the same post at Cathay Organisation Holdings
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Re: Capitaland 2 (Jun 10 - Dec 10)

Postby kennynah » Wed Jul 07, 2010 11:25 am

so many senior managers have left...

why leh?

my personal thoughts... difficult supervisor... but purely my speculation...
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Re: Capitaland 2 (Jun 10 - Dec 10)

Postby millionairemind » Wed Jul 07, 2010 12:20 pm

kennynah wrote:so many senior managers have left...

why leh?

my personal thoughts... difficult supervisor... but purely my speculation...


Its a pretty good guess...

At some point in one's career, money is no longer the main motivator... its the company culture and how one gets along with one's superior.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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Re: Capitaland 2 (Jun 10 - Dec 10)

Postby Rontan » Wed Jul 07, 2010 4:49 pm

millionairemind wrote:At some point in one's career, money is no longer the main motivator... its the company culture and how one gets along with one's superior.


I concur. Senior manager in Capitland must have made big bucks in the last few years. Just look at the number of Reits, Trust and the listing of CMA and you can imagine how much money you would have made if you are the shareholders of the parent co.
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Re: Capitaland 2 (Jun 10 - Dec 10)

Postby bulltick » Sat Jul 10, 2010 2:58 pm

kennynah wrote:so many senior managers have left...

why leh?

my personal thoughts... difficult supervisor... but purely my speculation...


My guess is that she lost her bets on singapore property market for the past 2-3 years so no choice, she has to leave as Capitaland is a listed company. I remember she had an interview with The Edge last year and she said Capitaland will not go into mass market anymore as she thought that the price was hitting resistance with high construction cost and she did not think there was much upside.
Capitaland had not bid for mass market site for quite sometime until recently but at very conservative price.
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