Will GLCs be next in line to collapse due to huge net debts?
Will Government link companies next in line to collapse for having high net Debts? The fall of Hyflux shows companies having high net debts are vulnerable to collapse. Hyflux used to be a darling for investors that won many awards. Within a short period of time they invested projects in the middle East, China and South...
Temasek invests in debt-laden Hainan Airlines, in a move that analysts say is overpriced
It was reported on Sunday (10 Jun) that Hainan Airlines would sell up to 20% of its Shanghai-listed shares to raise up to RMB 7 billion (S$1.458 billion). The shares will be sold to no more than 10 investors, one of which is Temasek Fullerton Alpha, a wholly-owned subsidiary of Temasek Holdings. Trading of shares in China’s...
GIC suffers 60% loss as it invests in Vietnamese taxi company during a time when ride-hailing apps are on the rise
According to an article in the Tiền Phong newspaper, Singapore’s Government Investment Corporation (GIC) had realised a 60% loss over 4 years after it sold 5.4 million shares in Vietnamese taxi operator Vinasun. The taxi operator was operating a fleet of 5,000 taxis and was mainly concentrated in Ho Chi Minh City, where...
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