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Alibaba invest in SingPost & Other News

Jman888
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Little_prince

Little_prince

Supersonic

 

Hahaha my record holder.

 

CHINA ESSENCE CSH 3000 1.170 SGD

Last done 0.0020

Worth $6.00

Percentage loss -99.829

wah.

 

lol

 

not even enough to buy brand's essense.

 

even if you sell, the commission cost more than the share. lol

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Lala81

Lala81

Hypersonic

wah.

 

lol

 

not even enough to buy brand's essense.

 

even if you sell, the commission cost more than the share. lol

 

Haha yeah one of the reasons i don't sell it. Also because it alternates between being suspended for months and not suspended [laugh]

 

Yeah i keep it to remind myself about China/penny stocks

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Little_prince

Little_prince

Supersonic
(edited)

 

Haha yeah one of the reasons i don't sell it. Also because it alternates between being suspended for months and not suspended [laugh]

 

Yeah i keep it to remind myself about China/penny stocks

 

ya man.

 

i try to stick to sgx blue chip with TH/GIC backing. like Singtel. Singpost DBS. OCBC. ST Eng. Keppel etc.

 

long term should have regular dividend and etc. hopefully should not lose. lol

 

think now jardine M1. Keppel OCBC good to accumalate more.

Edited by Little_prince
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Kusje

Kusje

Supersonic

What's going on with Singpost?

 

CEO resigned. Chairman stepped down. and now this!

 

 

SingPost said in a press release then that its board had unanimously agreed to appoint board member Prof Low, who is also the CEO of the National Research Foundation, as the new chairman.

On Wednesday, SingPost said Prof Low declined the appointment as it would “demand more time and focus” than he would be able to give.

 

http://www.channelnewsasia.com/news/singapore/singpost-chairman/2672920.html

 

WTF? Appoint him dun need to ask him before hand? Just announce to the market w/o even asking the person?

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Duckduck

Duckduck

Turbocharged
(edited)

What's going on with Singpost?

 

CEO resigned. Chairman stepped down. and now this!

 

http://www.channelnewsasia.com/news/singapore/singpost-chairman/2672920.html

 

WTF? Appoint him dun need to ask him before hand? Just announce to the market w/o even asking the person?

 

usually instead of letting some possible criminal activity being sexposed, the top guys will simply step down as a form of separating themselves to avoid further incrimination IMO

 

http://www.businesstimes.com.sg/companies-markets/corporate-governance-concerns-at-singpost

Edited by Duckduck
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Kusje

Kusje

Supersonic
(edited)

Based on all this, should rightfully short the shares...

 

But I scared temasek,Singtel and alibaba come in as white knight.

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Jman888

Jman888

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sibei jialat   [sweatdrop]  [sweatdrop]

SingPost deputy chairman to resign in June
Kenneth Lim The Business Times Thursday, May 26, 2016
 
 
20160526-SINGPOST-GOH-YEOW-TIN.jpg
Mr Goh Yeow Tin, deputy chairman of Singapore Post (SingPost).
 
SINGAPORE Post deputy chairman Goh Yeow Tin will resign from June 24, becoming the latest board member of the postal carrier to step down.
 
Mr Goh, who was appointed in 2014, is stepping down to devote more time to his other commitments, the company said.
 
He was made an executive director for a period of 12 months beginning on Jan 1 this year, after then chief executive Wolfgang Baier resigned.
 
He was tasked to oversee SingPost's post-merger integration activities, the business and operations in Singapore.
 
The resignation is the latest for SingPost which, since Mr Baier's resignation, has been in the spotlight for corporate governance lapses.
 
Other SingPost board members who have resigned over the past weeks are former chairman Lim Ho Kee, who quit his post on May 10 and will step down as a director after the annual general meeting in July.
 
Former independent director Keith Tay also resigned on May 12.

 

 

 
 
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Duckduck

Duckduck

Turbocharged

If one day Alibaba collapses, don't know how many ppl will cry ...

 

n this is wat we read in media, just think wat else they own we dont know have made or lose... 

 

"We manage most of the government's financial assets, other than its deposits in Monetary Authority of Singapore (MAS) and stake in Temasek. GIC is a fund manager, not an owner of the assets. It receives funds from the government for long-term management, without regard to the sources, e.g. proceeds from securities issued, government surpluses."

 

so we taxpayers contribute to garmen coffer but we have no idea wat investments theyre doing? if there are mistakes n losses made if n someone inside tried to cover up, who is there to police them? 

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inlinesix

inlinesix

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If one day Alibaba collapses, don't know how many ppl will cry ...

 

I will be 1st in line to cry as i can't buy online anymore.  Shopping online in China is a big thing.

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Atonchia

Atonchia

Supersonic

 

ya man.

 

i try to stick to sgx blue chip with TH/GIC backing. like Singtel. Singpost DBS. OCBC. ST Eng. Keppel etc.

 

long term should have regular dividend and etc. hopefully should not lose. lol

 

think now jardine M1. Keppel OCBC good to accumalate more.

Not all are true about GIC vested companies.

NOL is an example

n this is wat we read in media, just think wat else they own we dont know have made or lose...

 

"We manage most of the government's financial assets, other than its deposits in Monetary Authority of Singapore (MAS) and stake in Temasek. GIC is a fund manager, not an owner of the assets. It receives funds from the government for long-term management, without regard to the sources, e.g. proceeds from securities issued, government surpluses."

 

so we taxpayers contribute to garmen coffer but we have no idea wat investments theyre doing? if there are mistakes n losses made if n someone inside tried to cover up, who is there to police them?

The President.

 

He's not there just to wave, shake hands and take photos.

 

He is supposed to look at the books. Just like the Chairman of shareholders to ensure shareholders interest are protected.

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Jman888

Jman888

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SingPost COO quits in latest high-profile resignation
PUBLISHED: 4:00 AM, JUNE 22, 2016
 
SINGAPORE — In the latest high-profile departure from Singapore Post, chief operating officer Sascha Hower has resigned, a week after the postal and logistics services firm said it dissolved its executive committee amid a broad renewal at the top of the company.
 
Mr Hower, whose resignation is effective on August 26, is leaving to pursue new career opportunities overseas, SingPost said in a regulatory filing late yesterday with the Singapore Exchange. Last Thursday, SingPost, which is being investigated by the Accounting and Corporate Regulatory Authority for possible breaches of the Companies Act, said it had dissolved its Exco, which assisted the board in overseeing management of the business. Five members of the board have either stepped down or will do so in the coming days. Chief executive Wolfgang Baier, deputy chairman Goh Yeow Tin and independent director Keith Tay have resigned, while former chairman Lim Ho Kee and director Tan Yam Pin have indicated their intention not to seek re-election when their respective terms end next month. Dr Baier’s cessation date is June 30.
 
SingPost shares have been sent on a roller coaster ride since late last year amid concerns over its leadership after Mr Baier unexpectedly announced last December that he would be stepping down as CEO, and the initial replacement for then-outgoing chairman Lim Ho Kee, Mr Low Teck Seng, decided in April he would not take up the role after all. Last month, a semblance of stability returned after SingPost announced that corporate heavyweight Simon Israel, chairman of Singapore’s largest listed company Singtel and former executive director of investment giant Temasek Holdings, would take up the chairman role on May 11.
 
ACRA is looking into the joint special audit report on SingPost’s corporate governance dated May 3 as it conducts investigations into possible breaches of the Companies Act by the company. Auditors Drew & Napier and PricewaterhouseCoopers were appointed by SingPost to carry out the special audit after it emerged that then-board member Keith Tay was a shareholder and chairman of the financial adviser to three freight forwarders the postal and logistics services provider had bought in 2013, 2014 and 2015.
 
However, the auditors did say that the failure to disclose Mr Tay’s interest in the deal arrangements “does not appear to have been deliberate or intended to conceal interest” and that the timing of the disclosures “would have made no difference”. SingPost last week also introduced a code of business conduct and ethics for its directors to strengthen the company’s corporate governance foundations.
 
“The new code represents our commitment as directors of SingPost to the highest standard of business conduct and personal integrity. It is about substance over form and respect for the spirit of the code. The code sets the tone and will help frame the board’s discussion of the recommendations from the Corporate Governance Review,” Mr Israel said.
 
SingPost last month reported a 58 per cent surge in its fiscal full-year net profit to a record S$248.9 million, but this was mainly due to one-off divestment gains. Among the one-off items, SingPost, in February, completed the sale of 137.4 million shares in Malaysia’s GD Express Carrier Berhad for RM239.1 million (S$80.6 million) to Japan’s Yamato Asia and recognised a net gain of about S$64 million. Excluding the exceptional gains, however, SingPost’s underlying net profit for the year declined by 4.1 per cent to S$153.6 million.

 

 

 

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