Singapore's GIC to convert UBS notes into shares
-
Singapore's GIC to convert UBS notes into shares-filing
SINGAPORE, Feb 11 (Reuters) - Singapore's sovereign wealth fund GIC will convert 11 billion Swiss francs ($10.33 billion) worth of UBS (UBSN.VX) notes into shares on March 5, according to a U.S. regulatory filing, at a price that shows a 70 percent erosion in its investment in the Swiss bank.
GIC [GIC.UL] will convert the notes into 230.7 million ordinary shares of UBS, according to a filing with the U.S. Securities and Exchange Commission.
Based on a Reuters calculation, the assumed conversion price will be 47.7 Swiss francs a share versus UBS's last closing price of 13.67 Swiss francs.
GIC declined to comment.
The filing showed that GIC would have a stake of 6.6 percent in UBS, assuming the notes are converted into shares.
-
when UBS send out SOS again in the next crash, GIC will see their share holdings go below 3%..............
and their so called chief strategist is heading another company with 5 Billion...............all thrown into the sea soon..............why haven't they fired that brainless idiot yet ?
let me guess, another of LKY's relatives.................
-
they invest in these banks in dec 2007 right, start of sub prime crisis. what a marvellous way of investing at the outset of the crisis. who are these people behind the scene assisting the CEO/chairman?
those armed with impressive qualifications such as PHD's from top universities, but lack actual experiences in the field.
alas they dunno who is Dr Doom, or Jim Rogers, who will tell you a thing or two on which industry to invest in.
-
Jim Rogers's greatest claim to fame was becoz he was George Soros's partner.................any clown would be successful with Soros becoz he's a trusted agent of the Zionist International Bankers..............heck, when you're a trusted agent, even Ah Meng could be successful..............
Jim Rogers has been bullshitting about China's prospects becoz he's invested there............China will crash big time when markets crash again..............same for Rogers trumpeting about commodities............
there's a very very strong possibility GIC and Temasek bought those shares becoz they were told to do so by the same people that control Soros............
-
this will be a big news before those major losses, now, it is no more a news, we are use to it already, what is 10 billions loss compare to 150 billions loss...GIC is still in good shape..
-
Originally posted by angel7030:
this will be a big news before those major losses, now, it is no more a news, we are use to it already, what is 10 billions loss compare to 150 billions loss...GIC is still in good shape..
roll back to your taiwan village, you quitter aka loser -
UBS stake may be worth 70 pct less as GIC converts
http://www.temasekreview.com/2010/02/12/ubs-stake-may-be-worth-70-pct-less-as-gic-converts/
-
sgd 100k, to some buggers is groundnut
-
what to do. GIC　�ｒｅ　ｎ�ｔ　�ｃｃ�ｕｎｔ�ｂｌｅ　ｔ�　�ｎｙｂ�ｄｙ　ｒｉｇｈｔ？
who is the chairman of GIC? they just accountable to themselve right?
this is also what we call, personal gain, public risk.
-
Sorry never really follow about this issue.
In short, means GIC lost money?
Can someone explain in summary?
Thks Bro and Sis.
-
if you want short, i go ask Bro Short Ninja or Shorty Mah to come. Wait
-
Originally posted by reyes:
what to do. GIC　�ｒｅ　ｎ�ｔ　�ｃｃ�ｕｎｔ�ｂｌｅ　ｔ�　�ｎｙｂ�ｄｙ　ｒｉｇｈｔ？
who is the chairman of GIC? they just accountable to themselve right?
this is also what we call, personal gain, public risk.
chairman of GIC is LKY i think -
Originally posted by Annilator47:
chairman of GIC is LKY i thinkaiyah.........Temasek and GIC virtually belong to LKY, that's why no need to account to nobody.............so what if they go flat broke, LKY don't give a damn.............
BUT CONSIDER THIS....................if ''someone'' were to set up an off-shore company managing the total funds of GIC and Temasek.............charging management fees and performance fees..................can you imagine how much money this ''someone'' would be making.................this ''someone' will be making money from management fees even if GIC and Temasek lose money...............
just like the NKF fiasco, with NKF top dogs setting up another company to make money out of NKF.................
-
Originally posted by angel7030:
if you want short, i go ask Bro Short Ninja or Shorty Mah to come. Wait
Ok I wait. -
Give me a break you stupid SINGAPOREAN! if this investment is done by the PRC they will break the contract, go to court or engage mafia to get out of it!! ONLY WE the mother of all stupid ppl will covert the loan to share. Why cant we ask for the money back when it is still a LOAN!!!!!!!!!!!!!!!
Maybe it time for these stupid ppl to be sent to my PRC working place in the furthur north of Heilonjian at -30c and stick these faces out in the cold and start teaching them of the rules of the jungle! (may be just throw them away with the wolfs)
-
According to a released document available on the web - there are several ‘Boards of GIC Group’ (*1) :-
Government of Singapore Investment Corporation - Board of Directors:
Chairman: Lee Kuan Yew
Deputy Chairman: Lee Hsien Loong
Deputy Chairman
& Executive Director: Dr Tony Tan Keng Yam
Directors: Lim Hng Kiang,
Tharman Shanmugaratnam,
Raymond Lim Siang Keat,
Dr Richard Hu Tsu Tau,
Ang Kong Hua,
Peter Seah Lim Huat,
Chew Choon Seng.
Advisers to the GIC Dr Charles D Ellis (retired 30 June 2009)
Board of Directors: Dr Robert B Litterman
Ho Tian Yee
Paul Myners (resigned 3 October 2008)
Sir Howard J Davies (appointed 1 February 2009)
Dr Martin L Leibowitz (appointed 1 April 2009)
Adviser Emeritus: Dr Charles D Ellis (appointed 1 July 2009)
GIC Asset Management – Board of Directors
Chairman: Lee Ek Tieng (retired 30 June 2009)
Lim Siong Guan (from 1 July 2009)
Directors: Ng Kok Song
Quah Wee Ghee
Vivien Chen Vui Wen
GIC Real Estate – Board of Directors
Chairman: Dr Richard Hu Tsu Tau (retired 30 June 2009)
Dr Tony Tan Keng Yam (from 1 July 2009)
Directors: Lim Hng Kiang
Lee Seng Wee
Leon Bressler
Steven J Green
GIC Special Investments – Board of Directors
Chairman: Dr Tony Tan Keng Yam
Directors: Ang Kong Hua
Peter Seah Lim Huat
G. Leonard Baker Jr
Jonkheer Otto van der Wyck
Group Committees:
Group Executive Committee:
Chairman: Dr Tony Tan Keng Yam – Dy Chairman & Executive Dir
Deputy Chairman: Lim Siong Guan – Group President
Members: Ng Kok Seng, Group Chief Investment Officer
Dr The Kok Peng, President, GIC Special Investments
Dr Seek Ngee Huat, President, Real Estate
Quah Wee Ghee, President, GIC Asset Management
Dr Sung Cheng Chih, Chief Risk Officer
Vivien Chen Vui Wen, Chief Administrative Officer
Aje Kumar Saigal, Director, Investment Policy & Strategy
Advisers: Dr Richard Hu Tsu Tau
Lee Ek Tieng
Group Management Committee:
Chairman: Lim Siong Guan – Group President
Members: Ng Kok Seng, Group Chief Investment Officer
Dr The Kok Peng, President, GIC Special Investments
Dr Seek Ngee Huat, President, Real Estate
Quah Wee Ghee, President, GIC Asset Management
Dr Sung Cheng Chih, Chief Risk Officer
Vivien Chen Vui Wen, Chief Administrative Officer
Group Investment Committee:
Chairman: Ng Kok Seng – Group Chief Investment Officer
Members: Lim Siong Guan, Group President
Dr The Kok Peng, President, GIC Special Investments
Dr Seek Ngee Huat, President, Real Estate
Quah Wee Ghee, President, GIC Asset Management
Aje Kumar Saigal, Director, Investment Policy & Strategy
Group Risk Committee:
Chairman: Dr Sung Cheng Chih – Chief Risk Officer
Members: Chua Lee Ming, General Counsel
Kwok Wai Keong, Global Head, Asset Mgt, Real Estate
Ng Kin Sze, Global Head, Strategy & Risk Mgt,
Special Investments
Ong Hian Leong, Director, Technology
Joyce Tan Siew Pheng, Director, Investments Operations
Deanna Ong Aun Nee, Director, Finance
Pang Wai Yin, Deputy Director, Rick & Performance Mgt
Choy Siew Kai, Head, Investment Services, Equities
Leong Wing Kwan, Head, Risk & Operations,
Fixed Income Currency Commodities
-
Originally posted by Atobe:
According to a released document available on the web - there are several ‘Boards of GIC Group’ (*1) :-
Government of Singapore Investment Corporation - Board of Directors:
Chairman: Lee Kuan Yew
Deputy Chairman: Lee Hsien Loong
Deputy Chairman
& Executive Director: Dr Tony Tan Keng Yam
Directors: Lim Hng Kiang,
Tharman Shanmugaratnam,
Raymond Lim Siang Keat,
Dr Richard Hu Tsu Tau,
Ang Kong Hua,
Peter Seah Lim Huat,
Chew Choon Seng.
Advisers to the GIC Dr Charles D Ellis (retired 30 June 2009)
Board of Directors: Dr Robert B Litterman
Ho Tian Yee
Paul Myners (resigned 3 October 2008)
Sir Howard J Davies (appointed 1 February 2009)
Dr Martin L Leibowitz (appointed 1 April 2009)
Adviser Emeritus: Dr Charles D Ellis (appointed 1 July 2009)
GIC Asset Management – Board of Directors
Chairman: Lee Ek Tieng (retired 30 June 2009)
Lim Siong Guan (from 1 July 2009)
Directors: Ng Kok Song
Quah Wee Ghee
Vivien Chen Vui Wen
GIC Real Estate – Board of Directors
Chairman: Dr Richard Hu Tsu Tau (retired 30 June 2009)
Dr Tony Tan Keng Yam (from 1 July 2009)
Directors: Lim Hng Kiang
Lee Seng Wee
Leon Bressler
Steven J Green
GIC Special Investments – Board of Directors
Chairman: Dr Tony Tan Keng Yam
Directors: Ang Kong Hua
Peter Seah Lim Huat
G. Leonard Baker Jr
Jonkheer Otto van der Wyck
Group Committees:
Group Executive Committee:
Chairman: Dr Tony Tan Keng Yam – Dy Chairman & Executive Dir
Deputy Chairman: Lim Siong Guan – Group President
Members: Ng Kok Seng, Group Chief Investment Officer
Dr The Kok Peng, President, GIC Special Investments
Dr Seek Ngee Huat, President, Real Estate
Quah Wee Ghee, President, GIC Asset Management
Dr Sung Cheng Chih, Chief Risk Officer
Vivien Chen Vui Wen, Chief Administrative Officer
Aje Kumar Saigal, Director, Investment Policy & Strategy
Advisers: Dr Richard Hu Tsu Tau
Lee Ek Tieng
Group Management Committee:
Chairman: Lim Siong Guan – Group President
Members: Ng Kok Seng, Group Chief Investment Officer
Dr The Kok Peng, President, GIC Special Investments
Dr Seek Ngee Huat, President, Real Estate
Quah Wee Ghee, President, GIC Asset Management
Dr Sung Cheng Chih, Chief Risk Officer
Vivien Chen Vui Wen, Chief Administrative Officer
Group Investment Committee:
Chairman: Ng Kok Seng – Group Chief Investment Officer
Members: Lim Siong Guan, Group President
Dr The Kok Peng, President, GIC Special Investments
Dr Seek Ngee Huat, President, Real Estate
Quah Wee Ghee, President, GIC Asset Management
Aje Kumar Saigal, Director, Investment Policy & Strategy
Group Risk Committee:
Chairman: Dr Sung Cheng Chih – Chief Risk Officer
Members: Chua Lee Ming, General Counsel
Kwok Wai Keong, Global Head, Asset Mgt, Real Estate
Ng Kin Sze, Global Head, Strategy & Risk Mgt,
Special Investments
Ong Hian Leong, Director, Technology
Joyce Tan Siew Pheng, Director, Investments Operations
Deanna Ong Aun Nee, Director, Finance
Pang Wai Yin, Deputy Director, Rick & Performance Mgt
Choy Siew Kai, Head, Investment Services, Equities
Leong Wing Kwan, Head, Risk & Operations,
Fixed Income Currency Commodities
Wha!! all very big shots, without even investing, i think paying them already cost billions per year liao..hehehhe -
It is only a paper lost.
-
Originally posted by Atobe:
According to a released document available on the web - there are several ‘Boards of GIC Group’ (*1) :-
Government of Singapore Investment Corporation - Board of Directors:
Chairman: Lee Kuan Yew
Deputy Chairman: Lee Hsien Loong
Deputy Chairman
& Executive Director: Dr Tony Tan Keng Yam
Directors: Lim Hng Kiang,
Tharman Shanmugaratnam,
Raymond Lim Siang Keat,
Dr Richard Hu Tsu Tau,
Ang Kong Hua,
Peter Seah Lim Huat,
Chew Choon Seng.
Advisers to the GIC Dr Charles D Ellis (retired 30 June 2009)
Board of Directors: Dr Robert B Litterman
Ho Tian Yee
Paul Myners (resigned 3 October 2008)
Sir Howard J Davies (appointed 1 February 2009)
Dr Martin L Leibowitz (appointed 1 April 2009)
Adviser Emeritus: Dr Charles D Ellis (appointed 1 July 2009)
GIC Asset Management – Board of Directors
Chairman: Lee Ek Tieng (retired 30 June 2009)
Lim Siong Guan (from 1 July 2009)
Directors: Ng Kok Song
Quah Wee Ghee
Vivien Chen Vui Wen
GIC Real Estate – Board of Directors
Chairman: Dr Richard Hu Tsu Tau (retired 30 June 2009)
Dr Tony Tan Keng Yam (from 1 July 2009)
Directors: Lim Hng Kiang
Lee Seng Wee
Leon Bressler
Steven J Green
GIC Special Investments – Board of Directors
Chairman: Dr Tony Tan Keng Yam
Directors: Ang Kong Hua
Peter Seah Lim Huat
G. Leonard Baker Jr
Jonkheer Otto van der Wyck
Group Committees:
Group Executive Committee:
Chairman: Dr Tony Tan Keng Yam – Dy Chairman & Executive Dir
Deputy Chairman: Lim Siong Guan – Group President
Members: Ng Kok Seng, Group Chief Investment Officer
Dr The Kok Peng, President, GIC Special Investments
Dr Seek Ngee Huat, President, Real Estate
Quah Wee Ghee, President, GIC Asset Management
Dr Sung Cheng Chih, Chief Risk Officer
Vivien Chen Vui Wen, Chief Administrative Officer
Aje Kumar Saigal, Director, Investment Policy & Strategy
Advisers: Dr Richard Hu Tsu Tau
Lee Ek Tieng
Group Management Committee:
Chairman: Lim Siong Guan – Group President
Members: Ng Kok Seng, Group Chief Investment Officer
Dr The Kok Peng, President, GIC Special Investments
Dr Seek Ngee Huat, President, Real Estate
Quah Wee Ghee, President, GIC Asset Management
Dr Sung Cheng Chih, Chief Risk Officer
Vivien Chen Vui Wen, Chief Administrative Officer
Group Investment Committee:
Chairman: Ng Kok Seng – Group Chief Investment Officer
Members: Lim Siong Guan, Group President
Dr The Kok Peng, President, GIC Special Investments
Dr Seek Ngee Huat, President, Real Estate
Quah Wee Ghee, President, GIC Asset Management
Aje Kumar Saigal, Director, Investment Policy & Strategy
Group Risk Committee:
Chairman: Dr Sung Cheng Chih – Chief Risk Officer
Members: Chua Lee Ming, General Counsel
Kwok Wai Keong, Global Head, Asset Mgt, Real Estate
Ng Kin Sze, Global Head, Strategy & Risk Mgt,
Special Investments
Ong Hian Leong, Director, Technology
Joyce Tan Siew Pheng, Director, Investments Operations
Deanna Ong Aun Nee, Director, Finance
Pang Wai Yin, Deputy Director, Rick & Performance Mgt
Choy Siew Kai, Head, Investment Services, Equities
Leong Wing Kwan, Head, Risk & Operations,
Fixed Income Currency Commodities
do these people all added up have experience in managing, running and investing in a fund? they are politicians and civil servants, who dun have the know-how and foresight in running a fund.
-
Based on a Reuters calculation, the assumed conversion price will be 47.7 Swiss francs a share versus UBS's last closing price of 13.67 Swiss francs.
the conversion price is 3 times more than the last closing price???
骑虎难下?
-
dun get agitated, it is only a paper lost, we are still in good shape, 41000 peoples visited casino, 25,000 are singaporeans and PRs giving $100 each, ie 2,500,000 plus average losses per person is $200 ie 41000 X 200=8,200,000..add 2500000..we can make it back
-
Originally posted by angel7030:
dun get agitated, it is only a paper lost, we are still in good shape, 41000 peoples visited casino, 25,000 are singaporeans and PRs giving $100 each, ie 2,500,000 plus average losses per person is $200 ie 41000 X 200=8,200,000..add 2500000..we can make it back
painting beautiful pic to cover ass of your beloved PAPhahaha
-
-
Originally posted by angel7030:
Wha!! all very big shots, without even investing, i think paying them already cost billions per year liao..hehehhe
Is it any wonder that the Taiwanese 'hum' is wetting herself with all the 'very big shots' ?Better put on a tampon before you expose the flow through your sleazy pants.
Originally posted by angel7030:It is only a paper lost.
If you only have some training as a lawyer and not even as a judge, what do you know about accounting to be able to pass judgement that it is "a paper loss" ?
If only it is as simple as said by a Taiwanese 'hum' that it is "a paper lost".
-
ATOBE..............
you sure LKY's pet Chihuahua isn't on the board of directors somewhere ?