Army General Selling NOL at a loss

[IwantbustyKim]

http://www.allsingaporestuff.com/art...g-nol-shipping

Should have gotten someone with actual Marine experience....Its a shipping business after-all

Singapore’s Temasek Holdings made at least a billion dollar losses after selling the national shipping line Neptune Orient Line (NOL) to French conglomerate CMA CGM SA for S$2.26 billion today (Dec 7). In 2004, Temasek Holdings paid for S$2.80 a share raising its shares from 30% to 69%. However, Temasek Holdings sold its 67% of NOL shares at S$1.30 today.

Trading for NOL shares halted and was last traded for S$1.22 per share, a 6% discount off the offered rate by CMA CGM SA. The world’s third largest shipping company intends to de-list NOL from the stock exchange and is looking forward to buy up the minority shares. Under Te

- More at AllSingaporeStuff.com http://www.allsingaporestuff.com/art...g-nol-shipping
FB: http://fb.com/allsgstuffmasek Holdings, NOL was running losses up to S$4 billion in the past four years.

- See more at: http://www.allsingaporestuff.com/art....Ik15fUZB.dpuf

[IwantbustyKim]

http://www.allsingaporestuff.com/art...1-billion-loss



This is Ng Yat Chung, the former Chief of Army, now more infamously known as the CEO of Neptune Orient Lines. NOL was sold at a loss of more than S$1 billion yesterday. Singapore's national shipping icon collapsed because of this man.

What do you think of SMRT CEO Desmond Kuek, Minister Chan Chun Sing, Minister Tan Chuan Jin and other army generals? Do you think army generals deserve respect?

Do Singaporeans still believe in the abilities of our scholar army generals? Does military 'success' translate into commercial success?

- More at AllSingaporeStuff.com http://www.allsingaporestuff.com/art...1-billion-loss
FB: http://fb.com/allsgstuff

- See more at: http://www.allsingaporestuff.com/art....3c79c63M.dpuf

[iJiByeHacker]

Of course deserve respect ...... plenty of that, from my ASS

[whiplash]

Wah, he look like the Kims of North Korea.

He just sold it at a loss? We are lucky he didn't pay to give it away for free.

[Lucifer666]

Originally Posted by whiplash

Wah, he look like the Kims of North Korea.

He just sold it at a loss? We are lucky he didn't pay to give it away for free.

Ha ha agreed. Before he done more damage and lost more money...

[whiplash]

I also do not see any IPPT award batch on his uniform. In most Armies that ball of lard would not be even conceded officer material.

[PeterPecker]

Originally Posted by whiplash

Wah, he look like the Kims of North Korea.

He just sold it at a loss? We are lucky he didn't pay to give it away for free.

Haha very true

[shadowalker]

Originally Posted by IwantbustyKim

He will never in his life think that his pic will ever appear in a sex forum!

[Momosen]

Originally Posted by shadowalker

He will never in his life think that his pic will ever appear in a sex forum!

I agree, with both hands n legs in the air

[whiplash]

That useless idiot may be surfing SBF since we know he has nothing better to do just like his brother the N Korean Kim.

[redant]

The biggest shareholder is Temasek .

[mariadona]

Originally Posted by redant

The biggest shareholder is Temasek .

Managed by the Jinx

[pukipilot]

Originally Posted by whiplash

Wah, he look like the Kims of North Korea.

He just sold it at a loss? We are lucky he didn't pay to give it away for free.

Haha look a bit like the Kims

[TowerTransit]

NOL had been in red for so many years so the losses wasn't 1billion but accumulated over the years more. Anyway all shareholders lost money.So better to get rid of it.

[simp2]

Why our Mr Goh kept quiet? He's a pioneer in NOL