Mediacorps
wahahahahaha..... i like your sense of humour...even if it was not intended...
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GIC, Temasek & MAS 01 (May 08 - Aug 09)
Re: GIC, Temasek & MAS (May 08 - Aug 09)
by kennynah » Tue Aug 11, 2009 9:47 pm
wahahahahaha..... i like your sense of humour...even if it was not intended...
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Re: GIC, Temasek & MAS (May 08 - Aug 09)
by Aspellian » Tue Aug 11, 2009 10:11 pm
kennynah wrote:Mediacorps
wahahahahaha..... i like your sense of humour...even if it was not intended...
Humour runs in my blood!!!!!!
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Re: GIC, Temasek & MAS (May 08 - Aug 09)
by kennynah » Tue Aug 11, 2009 10:21 pm
actually, the joke is on me...since i clearly meant it to be
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Re: GIC, Temasek & MAS (May 08 - Aug 09)
by winston » Wed Aug 12, 2009 8:49 am
GIC to buy S.Korea shopping mall for $177 mln
SEOUL, Aug 12 (Reuters) - The Government of Singapore Investment Corp (GIC) will buy two shopping outlet buildings in Seoul from South Korea's E-Land Group for 220 billion won ($177 million), E-Land confirmed on Wednesday.
GIC submitted an application to the Ministry of Land, Transport and Maritime Affairs last Friday to launch a real estate investment trust to buy the properties in an affluent district from E-Land Group, according to a ministry official who declined to be named as he was not authorised to speak to the media.
E-Land, which specialises in the retail, fashion and leisure businesses, will lease back the New Core Outlet and Kim's Club Mart buildings and will have the right to buy them back five years later, the firm said.
GIC, Singapore's largest wealth fund managing over $200 billion in assets, has been the most active foreign investor in South Korean property since the 1997-98 Asian financial crisis.
The transaction is expected to help E-Land shore up its balance sheet after it scrapped Hong Kong IPO plans for a unit last year, and in the face of stiff competition from other shopping malls and food outlets.
SEOUL, Aug 12 (Reuters) - The Government of Singapore Investment Corp (GIC) will buy two shopping outlet buildings in Seoul from South Korea's E-Land Group for 220 billion won ($177 million), E-Land confirmed on Wednesday.
GIC submitted an application to the Ministry of Land, Transport and Maritime Affairs last Friday to launch a real estate investment trust to buy the properties in an affluent district from E-Land Group, according to a ministry official who declined to be named as he was not authorised to speak to the media.
E-Land, which specialises in the retail, fashion and leisure businesses, will lease back the New Core Outlet and Kim's Club Mart buildings and will have the right to buy them back five years later, the firm said.
GIC, Singapore's largest wealth fund managing over $200 billion in assets, has been the most active foreign investor in South Korean property since the 1997-98 Asian financial crisis.
The transaction is expected to help E-Land shore up its balance sheet after it scrapped Hong Kong IPO plans for a unit last year, and in the face of stiff competition from other shopping malls and food outlets.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: GIC, Temasek & MAS (May 08 - Aug 09)
by kennynah » Wed Aug 12, 2009 8:58 am
chay....report for what.... sold US assets at lousy dirt rock bottom price..... no skills lah these people....
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Re: GIC, Temasek & MAS (May 08 - Aug 09)
by Aspellian » Wed Aug 12, 2009 9:03 am
kennynah wrote:chay....report for what.... sold US assets at lousy dirt rock bottom price..... no skills lah these people....
actually its the other Ah Gong (Temask) that sold US assets at rock bottom (BoA/ML)
think GIC has now breakeven on its Citigroup (at one time even sitting on profits). any GIC more diversified with real estate, shares and PE, think Temsk dun have real estate. large chunk being GLCs.
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Re: GIC, Temasek & MAS (May 08 - Aug 09)
by kennynah » Wed Aug 12, 2009 9:06 am
oh....i see.... damn... i should have realized GIC and Temasek are 2 separate entities...thanks for pointing that out to me...cheers !!
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Re: GIC, Temasek & MAS (May 08 - Aug 09)
by Aspellian » Wed Aug 12, 2009 9:15 am
kennynah wrote:oh....i see.... damn... i should have realized GIC and Temasek are 2 separate entities...thanks for pointing that out to me...cheers !!
hahaha!! i not sure whether they are truly 2 seperate entities
(you know what i mean IF you know what i mean) but legally and accounting-wise, yes, they are seperate entities!
cheers!
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Re: GIC, Temasek & MAS (May 08 - Aug 09)
by kennynah » Wed Aug 12, 2009 9:18 am
oh damn.... now i found out that they actually have accounting and get audited... i must have been living in a well all these years... time to crawl out 
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Re: GIC, Temasek & MAS (May 08 - Aug 09)
by Aspellian » Wed Aug 12, 2009 9:34 am
kennynah wrote:oh damn.... now i found out that they actually have accounting and get audited... i must have been living in a well all these years... time to crawl out
hahaha!!!! you are damn funny!!!!!
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