Blueray Hypersonic May 14, 2020 Share May 14, 2020 Singapore’s Temasek in running for Virgin Atlantic stake: Report Singapore state-owned investment company Temasek Holdings is among a dozen investors eyeing a stake in beleaguered carrier Virgin Atlantic, the Telegraph reported Saturday, citing unnamed sources. The report said other potential Virgin Atlantic investors include Greybull Capital, Apollo Global Management, Centerbridge Partners and Cerberus Capital Management. A source confirmed to DealStreetAsia that there are 12 “seriously interested” parties, but declined to name them. If Temasek does take a stake in the money-losing carrier, the deal would mark a round trip ticket. In 2012, Singapore Airlines (SIA), which is more than 50 per cent owned by Temasek, had sold its 49 per cent stake in Virgin Atlantic to Delta Air Lines for $360 million. In 1999, SIA had purchased the stake for around 600 million British pounds, marking a remarkable destruction of value. “As a matter of policy, Temasek does not comment on market speculation and rumours,” said a Temasek representative in response to a DealStreetAsia email query. Virgin Atlantic, currently 49 per cent owned by Delta Air Lines and 51 per cent held by Virgin Group, told DealStreetAsia in an emailed comment that the unprecedented market conditions had led the carrier to explore all options to get external funding. Houlihan Lokey was appointed to assist with seeking private-sector funding, the carrier said. “We continue to take decisive action to reduce our costs, preserve cash and protect as many jobs as possible,” Virgin Atlantic said. “Discussions with a number of stakeholders continue and are constructive, meanwhile the airline remains in a stable position.” SIA currently owns around 20 per cent of Virgin Atlantic’s sister carrier Virgin Australia, which was losing money even before the global airline industry was walloped by the outbreak of the COVID-19 virus. Globally, the COVID-19 virus has infected 3.9 million people, with more than 274,000 deaths as of Sunday, according to data from the World Health Organization. The outbreak has spurred lockdowns of business and travel in many countries, with sectors such as travel particularly hard hit. Last week, Virgin Atlantic said it planned to cut more than 3,000 jobs in an effort to win either a British government bailout or secure a new investor. “In order for us to qualify for financial support from HM Government or the private sector it is critical that we demonstrate that we have taken all self-help measures in a timely fashion so we can secure the funding we need to survive,” Virgin Atlantic said in a memo to employees, according to a Reuters report last week. Virgin Atlantic posted a net loss of 38.4 million pounds for 2018, the latest financial statement available from the unlisted carrier. Separately, Reuters reported late last month that Virgin Australia is providing eight potential buyers access to its data and was negotiating with another 12 in a race to sell the carrier by the end of June. Apollo Global Management, Oaktree Capital Management, BGH Capital and Indigo Partners had expressed interest, it reported, citing sources. Read more at: https://www.dealstreetasia.com/stories/temasek-virgin-atlantic-stake-187977/ ↡ Advertisement Link to post Share on other sites More sharing options...
Blueray Hypersonic May 20, 2020 Share May 20, 2020 NASDAQ tells China's Luckin Coffee to delist Quote BEIJING: Luckin Coffee, a Starbucks competitor in China, said on Tuesday (May 19) it has been asked by NASDAQ to delist from the US stock exchange following a massive fraud scandal that has shaken the company. The announcement comes almost exactly a year after Luckin Coffee made a stunning debut on Wall Street, with a market value of some US$4 billion. https://www.channelnewsasia.com/news/business/nasdaq-china-luckin-coffee-delist-12750224 1 1 Link to post Share on other sites More sharing options...
Lotr 6th Gear May 20, 2020 Share May 20, 2020 what about ploughing more money into SIA? No/low/medium/high risk? Link to post Share on other sites More sharing options...
Hoseyboh Twincharged May 20, 2020 Share May 20, 2020 2 hours ago, Blueray said: NASDAQ tells China's Luckin Coffee to delist https://www.channelnewsasia.com/news/business/nasdaq-china-luckin-coffee-delist-12750224 Delist but resumed trading. Gives Time to run... 🤣 1 Link to post Share on other sites More sharing options...
Hoseyboh Twincharged May 20, 2020 Share May 20, 2020 GIC big stick liao... https://www.scmp.com/business/companies/article/3085132/nasdaq-readies-delist-luckin-coffee-chinas-answer-starbucks 3 1 Link to post Share on other sites More sharing options...
Busker888 1st Gear May 30, 2020 Share May 30, 2020 On 5/20/2020 at 5:11 PM, Hoseyboh said: GIC big stick liao... https://www.scmp.com/business/companies/article/3085132/nasdaq-readies-delist-luckin-coffee-chinas-answer-starbucks GIC left with a very small stake..sold off quite a big chunk last year I believe. 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic May 30, 2020 Share May 30, 2020 On 5/20/2020 at 5:11 PM, Hoseyboh said: GIC big stick liao... https://www.scmp.com/business/companies/article/3085132/nasdaq-readies-delist-luckin-coffee-chinas-answer-starbucks who is going to buy knowing the revenues and sales are fabricated? 2 Link to post Share on other sites More sharing options...
Hoseyboh Twincharged May 30, 2020 Share May 30, 2020 As usual, buy high sell low. Sold NOL but buys PIL... https://www.bloombergquint.com/business/temasek-unit-said-in-talks-for-at-least-400-million-ship-deal 2 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic May 30, 2020 Share May 30, 2020 (edited) 6 minutes ago, Hoseyboh said: As usual, buy high sell low. Sold NOL but buys PIL... https://www.bloombergquint.com/business/temasek-unit-said-in-talks-for-at-least-400-million-ship-deal buy high, sell low ... that's the natural talent for kopitiam uncles and aunties plenty of talent in the market Edited May 30, 2020 by Wt_know 5 Link to post Share on other sites More sharing options...
Blueray Hypersonic August 4, 2020 Share August 4, 2020 GIC, Temasek buy shares in India's Bandhan Bank amid holder's 106b rupee stock sale https://www.businesstimes.com.sg/banking-finance/gic-temasek-buy-shares-in-indias-bandhan-bank-amid-holders-106b-rupee-stock-sale 1 Link to post Share on other sites More sharing options...
Mustank Hypersonic August 5, 2020 Share August 5, 2020 13 hours ago, Blueray said: GIC, Temasek buy shares in India's Bandhan Bank amid holder's 106b rupee stock sale https://www.businesstimes.com.sg/banking-finance/gic-temasek-buy-shares-in-indias-bandhan-bank-amid-holders-106b-rupee-stock-sale Hiazzz they expert they do what they want but when they don’t deliver, don’t jjww kpkb gold go up again https://www.businesstimes.com.sg/energy-commodities/gold-soars-past-us2000-gold-up-on-us-government-stimulus-plan Link to post Share on other sites More sharing options...
Yewheng Twincharged August 5, 2020 Share August 5, 2020 6 minutes ago, Mustank said: Hiazzz they expert they do what they want but when they don’t deliver, don’t jjww kpkb gold go up again https://www.businesstimes.com.sg/energy-commodities/gold-soars-past-us2000-gold-up-on-us-government-stimulus-plan India has huge potential.. Look at when Donald trump said want to ban tick tock.. And apple remove thousands of China apps.. Suddenly India app become up and rising.. 1 1 Link to post Share on other sites More sharing options...
Mustank Hypersonic August 5, 2020 Share August 5, 2020 1 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged August 5, 2020 Share August 5, 2020 38 minutes ago, Yewheng said: India has huge potential.. Look at when Donald trump said want to ban tick tock.. And apple remove thousands of China apps.. Suddenly India app become up and rising.. Its amazing singapore dont have a similar app call tok kok 1 4 Link to post Share on other sites More sharing options...
Mustank Hypersonic August 5, 2020 Share August 5, 2020 6 minutes ago, Sdf4786k said: Its amazing singapore dont have a similar app call tok kok We have SGSecure 3 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged August 5, 2020 Share August 5, 2020 (edited) 2 minutes ago, Mustank said: We have SGSecure I meant on a global scale. we already have the talent pool for the tok kok app. Cotton from sheep ... a worst response was thinking about cotton wool which is the wool from sheep. Edited August 5, 2020 by Sdf4786k 2 Link to post Share on other sites More sharing options...
Mustank Hypersonic August 11, 2020 Share August 11, 2020 https://www.straitstimes.com/business/companies-markets/temasek-drops-4-billion-bid-for-keppel-corp?utm_medium=Social&utm_campaign=STFB&utm_source=Facebook#Echobox=1597053324 Link to post Share on other sites More sharing options...
Mustank Hypersonic August 20, 2020 Share August 20, 2020 https://www.straitstimes.com/business/companies-markets/singtel-to-be-hit-especially-hard-in-april-june-quarter-by-covid-related?utm_medium=Social&utm_campaign=STFB&utm_source=Facebook#Echobox=1597897709 ↡ Advertisement Link to post Share on other sites More sharing options...
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