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Great Eastern 20.5

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chartiskao
    11-Jan-2024 11:54  
Contact    Quote!
non  performing after he brought over cpl from ocbc better sell it while he is still alive
https://www.wsj.com/finance/investing/frasers-property-owners-plan-strategic-review-sources-say-98de2d87

chartiskao      ( Date: 11-Jan-2024 11:46) Posted:

in a record very very higth interest rates environment globally sg need to pull in more of this peoiple funds to make it a global finacial centers replacing US
Offshore trusts set up by Chinese in Singapore grew 44% between 2021 and 2022. That is the highest level in the past five years, surpassing the 23% year-on-year rise seen in 2019 before the pandemic, said Harvey Chan, the business director of Payments Asia and a Hong Kong-based offshore trust adviser.12 Feb 2023
https://www.vistra.com/insights/hong-kong-and-singapore-rush-attract-family-offices


chartiskao      ( Date: 10-Jan-2024 12:01) Posted:

https://www.businesstimes.com.sg/companies-markets/more-non-core-assets-could-be-chopping-block
http://tanchintuan.com/wp-content/uploads/2014/11/ST-13.07.04-OCBC-sells-off-stake-in-Raffles-Investments.pdf
https://www.youtube.com/watch?v=ZUyQ5sNmEUA


 
 
chartiskao
    11-Jan-2024 11:46  
Contact    Quote!
in a record very very higth interest rates environment globally sg need to pull in more of this peoiple funds to make it a global finacial centers replacing US
Offshore trusts set up by Chinese in Singapore grew 44% between 2021 and 2022. That is the highest level in the past five years, surpassing the 23% year-on-year rise seen in 2019 before the pandemic, said Harvey Chan, the business director of Payments Asia and a Hong Kong-based offshore trust adviser.12 Feb 2023
https://www.vistra.com/insights/hong-kong-and-singapore-rush-attract-family-offices


chartiskao      ( Date: 10-Jan-2024 12:01) Posted:

https://www.businesstimes.com.sg/companies-markets/more-non-core-assets-could-be-chopping-block
http://tanchintuan.com/wp-content/uploads/2014/11/ST-13.07.04-OCBC-sells-off-stake-in-Raffles-Investments.pdf
https://www.youtube.com/watch?v=ZUyQ5sNmEUA


chartiskao      ( Date: 10-Jan-2024 11:56) Posted:

after went throught 1997' s asian financial criss,2000 tech meltdown,911in 2001 and 2003' s Sar and 2004' s Tsunami
  1. Focus on Core Competencies: Companies often divest non-core assets to focus on their core competencies. By shedding peripheral businesses or assets, they can allocate more resources, both financial and managerial, to areas where they have a competitive advantage.
  2. Financial Restructuring: Divesting non-core assets can generate funds that may be used to strengthen the company' s financial position. This could be particularly important during challenging economic times, to reduce debt, invest in growth opportunities, or meet other financial obligations.
  3. Debt Reduction: Selling non-core assets can be a strategy for reducing debt. The proceeds from the sale can be used to pay down outstanding loans, improving the company' s overall financial health and creditworthiness.
  4. Streamlining Operations: Divestment can lead to a more streamlined and efficient operation. This might involve getting rid of underperforming or less profitable segments of the business, allowing the company to focus on its more lucrative ventures.
  5. Strategic Repositioning: Companies might divest non-core assets as part of a broader strategic repositioning. This could involve exiting certain markets or industries to reallocate resources to more promising opportunities that align with the company' s long-term vision.
  6. Risk Mitigation: Diversification into non-core areas can expose a company to additional risks. By divesting such assets, a company can reduce its exposure to risks that are not integral to its primary business.
  7. Mergers and Acquisitions (M& A): In the context of mergers and acquisitions, a company might divest certain assets to comply with regulatory requirements or to focus on areas where there is minimal overlap with the acquiring company.
  8. Market Conditions: External market conditions, industry trends, or technological advancements may prompt a company to divest non-core assets to stay agile and adapt to changing environments.
  9. https://www.ocbc.com/assets/pdf/major%20regulatory/2006/robinson%20and%20company%20limited/sgx_divestment%20of%20robinsons.pdf

 


 
 
chartiskao
    10-Jan-2024 12:01  
Contact    Quote!
https://www.businesstimes.com.sg/companies-markets/more-non-core-assets-could-be-chopping-block
http://tanchintuan.com/wp-content/uploads/2014/11/ST-13.07.04-OCBC-sells-off-stake-in-Raffles-Investments.pdf
https://www.youtube.com/watch?v=ZUyQ5sNmEUA


chartiskao      ( Date: 10-Jan-2024 11:56) Posted:

after went throught 1997' s asian financial criss,2000 tech meltdown,911in 2001 and 2003' s Sar and 2004' s Tsunami
  1. Focus on Core Competencies: Companies often divest non-core assets to focus on their core competencies. By shedding peripheral businesses or assets, they can allocate more resources, both financial and managerial, to areas where they have a competitive advantage.
  2. Financial Restructuring: Divesting non-core assets can generate funds that may be used to strengthen the company' s financial position. This could be particularly important during challenging economic times, to reduce debt, invest in growth opportunities, or meet other financial obligations.
  3. Debt Reduction: Selling non-core assets can be a strategy for reducing debt. The proceeds from the sale can be used to pay down outstanding loans, improving the company' s overall financial health and creditworthiness.
  4. Streamlining Operations: Divestment can lead to a more streamlined and efficient operation. This might involve getting rid of underperforming or less profitable segments of the business, allowing the company to focus on its more lucrative ventures.
  5. Strategic Repositioning: Companies might divest non-core assets as part of a broader strategic repositioning. This could involve exiting certain markets or industries to reallocate resources to more promising opportunities that align with the company' s long-term vision.
  6. Risk Mitigation: Diversification into non-core areas can expose a company to additional risks. By divesting such assets, a company can reduce its exposure to risks that are not integral to its primary business.
  7. Mergers and Acquisitions (M& A): In the context of mergers and acquisitions, a company might divest certain assets to comply with regulatory requirements or to focus on areas where there is minimal overlap with the acquiring company.
  8. Market Conditions: External market conditions, industry trends, or technological advancements may prompt a company to divest non-core assets to stay agile and adapt to changing environments.
  9. https://www.ocbc.com/assets/pdf/major%20regulatory/2006/robinson%20and%20company%20limited/sgx_divestment%20of%20robinsons.pdf

 

chartiskao      ( Date: 10-Jan-2024 11:50) Posted:

https://en.wikipedia.org/wiki/OCBC_Bank
https://theedgemalaysia.com/article/ocbc-divesting-its-noncore-businesses-investing-wealth-management
The decision to divest non-core businesses and concentrate on wealth management is a common strategy among banks seeking to streamline operations, enhance efficiency, and capitalize on more profitable segments. By doing so, OCBC aimed to strengthen its position in the wealth management sector, which often provides higher margins and growth potential.


 

 
chartiskao
    10-Jan-2024 11:56  
Contact    Quote!
after went throught 1997' s asian financial criss,2000 tech meltdown,911in 2001 and 2003' s Sar and 2004' s Tsunami
  1. Focus on Core Competencies: Companies often divest non-core assets to focus on their core competencies. By shedding peripheral businesses or assets, they can allocate more resources, both financial and managerial, to areas where they have a competitive advantage.
  2. Financial Restructuring: Divesting non-core assets can generate funds that may be used to strengthen the company' s financial position. This could be particularly important during challenging economic times, to reduce debt, invest in growth opportunities, or meet other financial obligations.
  3. Debt Reduction: Selling non-core assets can be a strategy for reducing debt. The proceeds from the sale can be used to pay down outstanding loans, improving the company' s overall financial health and creditworthiness.
  4. Streamlining Operations: Divestment can lead to a more streamlined and efficient operation. This might involve getting rid of underperforming or less profitable segments of the business, allowing the company to focus on its more lucrative ventures.
  5. Strategic Repositioning: Companies might divest non-core assets as part of a broader strategic repositioning. This could involve exiting certain markets or industries to reallocate resources to more promising opportunities that align with the company' s long-term vision.
  6. Risk Mitigation: Diversification into non-core areas can expose a company to additional risks. By divesting such assets, a company can reduce its exposure to risks that are not integral to its primary business.
  7. Mergers and Acquisitions (M& A): In the context of mergers and acquisitions, a company might divest certain assets to comply with regulatory requirements or to focus on areas where there is minimal overlap with the acquiring company.
  8. Market Conditions: External market conditions, industry trends, or technological advancements may prompt a company to divest non-core assets to stay agile and adapt to changing environments.
  9. https://www.ocbc.com/assets/pdf/major%20regulatory/2006/robinson%20and%20company%20limited/sgx_divestment%20of%20robinsons.pdf

 

chartiskao      ( Date: 10-Jan-2024 11:50) Posted:

https://en.wikipedia.org/wiki/OCBC_Bank
https://theedgemalaysia.com/article/ocbc-divesting-its-noncore-businesses-investing-wealth-management
The decision to divest non-core businesses and concentrate on wealth management is a common strategy among banks seeking to streamline operations, enhance efficiency, and capitalize on more profitable segments. By doing so, OCBC aimed to strengthen its position in the wealth management sector, which often provides higher margins and growth potential.


chartiskao      ( Date: 10-Jan-2024 11:47) Posted:

SINGAPORE, 24 February 2004 &ndash Oversea-Chinese Banking Corporation Limited (&ldquo OCBC Bank&rdquo ) announces today its intention to make a S$2.9 billion voluntary offer (&ldquo the Offer&rdquo ) for all the ordinary shares of Great Eastern Holdings Limited (&ldquo GEH&rdquo ) that it does not currently own, on the basis of 976 ordinary OCBC Bank shares ...

OCBC Bids for Great Eastern

 

 
By
Stephen Wright
June 30, 2006 12:01 am ET
 
 
 

 
SINGAPORE -- Oversea-Chinese Banking Corp. offered 16 Singapore dollars (US$10) a share for the 17% of insurance company  
 
that it doesn' t already own, saying the purchase will cost it S$1.28 billion (US$802 million).
OCBC said the offer is a premium of 14.4% over Great Eastern' s average closing share price of S$13.99 for the month before the offer was announced.
OCBC is the smallest of Singapore' s three major lenders by market capitalization and has been losing ground to DBS Group Holdings Ltd. and United Overseas Bank Ltd.
OCBC Chief Executive David Conner said there have been encouraging results over the past two years as the bank and Great Eastern, the biggest insurer in Singapore and Malaysia by assets, have been " cross-selling" each other' s products.
" We would like to see more of the value coming to OCBC Bank' s shareholders," he said. " Therefore, we believe that increasing our stake in Great Eastern is a logical and appropriate strategic step to take."
The takeover will be funded by recent asset sales.
Advertisement - Scroll to Continue
 
Write to Stephen Wright at [email protected]
https://www.straitstimes.com/business/ocbc-ups-stake-in-insurance-arm-great-eastern-to-884
 


 
 
chartiskao
    10-Jan-2024 11:50  
Contact    Quote!
https://en.wikipedia.org/wiki/OCBC_Bank
https://theedgemalaysia.com/article/ocbc-divesting-its-noncore-businesses-investing-wealth-management
The decision to divest non-core businesses and concentrate on wealth management is a common strategy among banks seeking to streamline operations, enhance efficiency, and capitalize on more profitable segments. By doing so, OCBC aimed to strengthen its position in the wealth management sector, which often provides higher margins and growth potential.


chartiskao      ( Date: 10-Jan-2024 11:47) Posted:

SINGAPORE, 24 February 2004 &ndash Oversea-Chinese Banking Corporation Limited (&ldquo OCBC Bank&rdquo ) announces today its intention to make a S$2.9 billion voluntary offer (&ldquo the Offer&rdquo ) for all the ordinary shares of Great Eastern Holdings Limited (&ldquo GEH&rdquo ) that it does not currently own, on the basis of 976 ordinary OCBC Bank shares ...

OCBC Bids for Great Eastern

 

 
By
Stephen Wright
June 30, 2006 12:01 am ET
 
 
 

 
SINGAPORE -- Oversea-Chinese Banking Corp. offered 16 Singapore dollars (US$10) a share for the 17% of insurance company  
 
that it doesn' t already own, saying the purchase will cost it S$1.28 billion (US$802 million).
OCBC said the offer is a premium of 14.4% over Great Eastern' s average closing share price of S$13.99 for the month before the offer was announced.
OCBC is the smallest of Singapore' s three major lenders by market capitalization and has been losing ground to DBS Group Holdings Ltd. and United Overseas Bank Ltd.
OCBC Chief Executive David Conner said there have been encouraging results over the past two years as the bank and Great Eastern, the biggest insurer in Singapore and Malaysia by assets, have been " cross-selling" each other' s products.
" We would like to see more of the value coming to OCBC Bank' s shareholders," he said. " Therefore, we believe that increasing our stake in Great Eastern is a logical and appropriate strategic step to take."
The takeover will be funded by recent asset sales.
Advertisement - Scroll to Continue
 
Write to Stephen Wright at [email protected]
https://www.straitstimes.com/business/ocbc-ups-stake-in-insurance-arm-great-eastern-to-884
 


chartiskao      ( Date: 09-Jan-2024 11:14) Posted:

https://www.youtube.com/watch?v=zdNX-PBOzFE
 
https://www.straitstimes.com/singapore/housing/housing-prices-not-expected-to-rise-indefinitely-as-markets-show-signs-of-easing-desmond-lee
 
why are so young men and wommen below 30s still go to the showflats recently?


 
 
chartiskao
    10-Jan-2024 11:47  
Contact    Quote!
SINGAPORE, 24 February 2004 &ndash Oversea-Chinese Banking Corporation Limited (&ldquo OCBC Bank&rdquo ) announces today its intention to make a S$2.9 billion voluntary offer (&ldquo the Offer&rdquo ) for all the ordinary shares of Great Eastern Holdings Limited (&ldquo GEH&rdquo ) that it does not currently own, on the basis of 976 ordinary OCBC Bank shares ...

OCBC Bids for Great Eastern

 

 
By
Stephen Wright
June 30, 2006 12:01 am ET
 
 
 

 
SINGAPORE -- Oversea-Chinese Banking Corp. offered 16 Singapore dollars (US$10) a share for the 17% of insurance company  
 
that it doesn' t already own, saying the purchase will cost it S$1.28 billion (US$802 million).
OCBC said the offer is a premium of 14.4% over Great Eastern' s average closing share price of S$13.99 for the month before the offer was announced.
OCBC is the smallest of Singapore' s three major lenders by market capitalization and has been losing ground to DBS Group Holdings Ltd. and United Overseas Bank Ltd.
OCBC Chief Executive David Conner said there have been encouraging results over the past two years as the bank and Great Eastern, the biggest insurer in Singapore and Malaysia by assets, have been " cross-selling" each other' s products.
" We would like to see more of the value coming to OCBC Bank' s shareholders," he said. " Therefore, we believe that increasing our stake in Great Eastern is a logical and appropriate strategic step to take."
The takeover will be funded by recent asset sales.
Advertisement - Scroll to Continue
 
Write to Stephen Wright at [email protected]
https://www.straitstimes.com/business/ocbc-ups-stake-in-insurance-arm-great-eastern-to-884
 


chartiskao      ( Date: 09-Jan-2024 11:14) Posted:

https://www.youtube.com/watch?v=zdNX-PBOzFE
 
https://www.straitstimes.com/singapore/housing/housing-prices-not-expected-to-rise-indefinitely-as-markets-show-signs-of-easing-desmond-lee
 
why are so young men and wommen below 30s still go to the showflats recently?


chartiskao      ( Date: 03-Jan-2024 11:10) Posted:

https://sg.finance.yahoo.com/quote/O39.SI/insider-transactions/
 
https://links.sgx.com/FileOpen/Letter_to_shareholders_dated_31March2023.ashx?App=Announcement& FileID=751859


 

 
chartiskao
    09-Jan-2024 11:14  
Contact    Quote!
https://www.youtube.com/watch?v=zdNX-PBOzFE
 
https://www.straitstimes.com/singapore/housing/housing-prices-not-expected-to-rise-indefinitely-as-markets-show-signs-of-easing-desmond-lee
 
why are so young men and wommen below 30s still go to the showflats recently?


chartiskao      ( Date: 03-Jan-2024 11:10) Posted:

https://sg.finance.yahoo.com/quote/O39.SI/insider-transactions/
 
https://links.sgx.com/FileOpen/Letter_to_shareholders_dated_31March2023.ashx?App=Announcement& FileID=751859


chartiskao      ( Date: 03-Jan-2024 10:21) Posted:

https://singlife.com/en/blog/money/2023/dollar-cost-averaging
 
https://www.jpmorgan.com/insights/outlook/market-outlook/bank-stocks-and-rate-hikes-trouble-markets
 
https://www.marketwatch.com/investing/stock/u11/company-profile?countrycode=sg& pid=86291589


 
 
chartiskao
    03-Jan-2024 11:10  
Contact    Quote!
https://sg.finance.yahoo.com/quote/O39.SI/insider-transactions/
 
https://links.sgx.com/FileOpen/Letter_to_shareholders_dated_31March2023.ashx?App=Announcement& FileID=751859


chartiskao      ( Date: 03-Jan-2024 10:21) Posted:

https://singlife.com/en/blog/money/2023/dollar-cost-averaging
 
https://www.jpmorgan.com/insights/outlook/market-outlook/bank-stocks-and-rate-hikes-trouble-markets
 
https://www.marketwatch.com/investing/stock/u11/company-profile?countrycode=sg& pid=86291589


chartiskao      ( Date: 29-Dec-2023 11:37) Posted:

https://www.lia.org.sg/media/3947/20230811_lia-1h2023-results_media-release.pd


 
 
chartiskao
    03-Jan-2024 10:21  
Contact    Quote!
https://singlife.com/en/blog/money/2023/dollar-cost-averaging
 
https://www.jpmorgan.com/insights/outlook/market-outlook/bank-stocks-and-rate-hikes-trouble-markets
 
https://www.marketwatch.com/investing/stock/u11/company-profile?countrycode=sg& pid=86291589


chartiskao      ( Date: 29-Dec-2023 11:37) Posted:

https://www.lia.org.sg/media/3947/20230811_lia-1h2023-results_media-release.pdf

chartiskao      ( Date: 29-Dec-2023 11:21) Posted:

Oversea-Chinese Banking Corporation (OCBC) has purchased an additional 2,345,800 shares at Great Eastern Holdings, at a total cash consideration of S$39.9m. In an SGX filing, OCBC said that the shares were priced at S$16.99 each. OCBC now owns 88.4% of Great Eastern' s total shares, from 87.9% previously.20 Jun 2023
https://www.straitstimes.com/business/ocbc-ups-stake-in-insurance-arm-great-eastern-to-884
 
https://www.dividends.sg/view/G07


 
 
chartiskao
    29-Dec-2023 11:37  
Contact    Quote!
https://www.lia.org.sg/media/3947/20230811_lia-1h2023-results_media-release.pdf

chartiskao      ( Date: 29-Dec-2023 11:21) Posted:

Oversea-Chinese Banking Corporation (OCBC) has purchased an additional 2,345,800 shares at Great Eastern Holdings, at a total cash consideration of S$39.9m. In an SGX filing, OCBC said that the shares were priced at S$16.99 each. OCBC now owns 88.4% of Great Eastern' s total shares, from 87.9% previously.20 Jun 2023
https://www.straitstimes.com/business/ocbc-ups-stake-in-insurance-arm-great-eastern-to-884
 
https://www.dividends.sg/view/G07


chartiskao      ( Date: 29-Nov-2023 16:36) Posted:

singapore' s three important pillars in total defence:(finance) uob,ocbc and dbs
https://www.sg101.gov.sg/economy/growing-our-economy/1997


 

 
chartiskao
    29-Dec-2023 11:21  
Contact    Quote!
Oversea-Chinese Banking Corporation (OCBC) has purchased an additional 2,345,800 shares at Great Eastern Holdings, at a total cash consideration of S$39.9m. In an SGX filing, OCBC said that the shares were priced at S$16.99 each. OCBC now owns 88.4% of Great Eastern' s total shares, from 87.9% previously.20 Jun 2023
https://www.straitstimes.com/business/ocbc-ups-stake-in-insurance-arm-great-eastern-to-884
 
https://www.dividends.sg/view/G07


chartiskao      ( Date: 29-Nov-2023 16:36) Posted:

singapore' s three important pillars in total defence:(finance) uob,ocbc and dbs
https://www.sg101.gov.sg/economy/growing-our-economy/1997/

chartiskao      ( Date: 29-Nov-2023 05:44) Posted:

https://www.freemalaysiatoday.com/category/category/business/local-business/
 
sgdmyr 3.509
 
 


 
 
chartiskao
    29-Nov-2023 16:36  
Contact    Quote!
singapore' s three important pillars in total defence:(finance) uob,ocbc and dbs
https://www.sg101.gov.sg/economy/growing-our-economy/1997/

chartiskao      ( Date: 29-Nov-2023 05:44) Posted:

https://www.freemalaysiatoday.com/category/category/business/local-business/
 
sgdmyr 3.509
 
 


chartiskao      ( Date: 28-Nov-2023 13:36) Posted:

https://edition.cnn.com/markets/premarkets
 
usdsgd 1.3357


 
 
chartiskao
    29-Nov-2023 05:44  
Contact    Quote!
https://www.freemalaysiatoday.com/category/category/business/local-business/
 
sgdmyr 3.509
 
 


chartiskao      ( Date: 28-Nov-2023 13:36) Posted:

https://edition.cnn.com/markets/premarkets
 
usdsgd 1.3357


chartiskao      ( Date: 28-Nov-2023 13:28) Posted:

https://www.reuters.com/article/uk-insurance-idUKL0293220420080507


 
 
chartiskao
    28-Nov-2023 13:36  
Contact    Quote!
https://edition.cnn.com/markets/premarkets
 
usdsgd 1.3357


chartiskao      ( Date: 28-Nov-2023 13:28) Posted:

https://www.reuters.com/article/uk-insurance-idUKL0293220420080507/

chartiskao      ( Date: 28-Nov-2023 13:25) Posted:

TEMASEK Trust will acquire financial advisory firm MoneyOwl, giving it a second lease of life barely three months since it announced that it would wind down the business.
Temasek Trust, Temasek&rsquo s philanthropic arm, signed an expression of interest with NTUC Enterprise Co-operative on the proposed acquisition of MoneyOwl, including its financial planning intellectual property and technology platforms. NTUC Enterprise owns MoneyOwl, which was launched in 2018 to provide comprehensive financial planning services comprising financial planning, investments, insurance and will writing.
A statement on Tuesday (Nov 28) said Temasek Trust is keen to acquire MoneyOwl &ldquo to develop targeted products and solutions to better meet the needs of community groups such as essential workers, gig workers and youths&rdquo .
 
According to the statement, the new plans for MoneyOwl will be funded with a &ldquo catalytic capital approach where the initial funds will de-risk the new business model to unlock its potential and attract partners from across the public, private, and philanthropic sectors to drive the financial well-being of community groups&rdquo .
This is expected to strengthen the business model and create opportunities for MoneyOwl to deliver impact and value on a larger scale.
Chuin Ting Weber, MoneyOwl chief executive and chief investment officer, said: &ldquo MoneyOwl shares Temasek Trust&rsquo s strategic vision of driving the common good. A repurposed MoneyOwl under Temasek Trust will move away from the direct retail sale of commercial products.&rdquo

SEE ALSO



 
 
chartiskao
    28-Nov-2023 13:28  
Contact    Quote!
https://www.reuters.com/article/uk-insurance-idUKL0293220420080507/

chartiskao      ( Date: 28-Nov-2023 13:25) Posted:

TEMASEK Trust will acquire financial advisory firm MoneyOwl, giving it a second lease of life barely three months since it announced that it would wind down the business.
Temasek Trust, Temasek&rsquo s philanthropic arm, signed an expression of interest with NTUC Enterprise Co-operative on the proposed acquisition of MoneyOwl, including its financial planning intellectual property and technology platforms. NTUC Enterprise owns MoneyOwl, which was launched in 2018 to provide comprehensive financial planning services comprising financial planning, investments, insurance and will writing.
A statement on Tuesday (Nov 28) said Temasek Trust is keen to acquire MoneyOwl &ldquo to develop targeted products and solutions to better meet the needs of community groups such as essential workers, gig workers and youths&rdquo .
 
According to the statement, the new plans for MoneyOwl will be funded with a &ldquo catalytic capital approach where the initial funds will de-risk the new business model to unlock its potential and attract partners from across the public, private, and philanthropic sectors to drive the financial well-being of community groups&rdquo .
This is expected to strengthen the business model and create opportunities for MoneyOwl to deliver impact and value on a larger scale.
Chuin Ting Weber, MoneyOwl chief executive and chief investment officer, said: &ldquo MoneyOwl shares Temasek Trust&rsquo s strategic vision of driving the common good. A repurposed MoneyOwl under Temasek Trust will move away from the direct retail sale of commercial products.&rdquo

SEE ALSO



chartistkao1      ( Date: 03-Oct-2023 13:51) Posted:

https://edition.cnn.com/2001/BUSINESS/asia/04/10/hongkong.daoheng


 

 
chartiskao
    28-Nov-2023 13:25  
Contact    Quote!
TEMASEK Trust will acquire financial advisory firm MoneyOwl, giving it a second lease of life barely three months since it announced that it would wind down the business.
Temasek Trust, Temasek&rsquo s philanthropic arm, signed an expression of interest with NTUC Enterprise Co-operative on the proposed acquisition of MoneyOwl, including its financial planning intellectual property and technology platforms. NTUC Enterprise owns MoneyOwl, which was launched in 2018 to provide comprehensive financial planning services comprising financial planning, investments, insurance and will writing.
A statement on Tuesday (Nov 28) said Temasek Trust is keen to acquire MoneyOwl &ldquo to develop targeted products and solutions to better meet the needs of community groups such as essential workers, gig workers and youths&rdquo .
 
According to the statement, the new plans for MoneyOwl will be funded with a &ldquo catalytic capital approach where the initial funds will de-risk the new business model to unlock its potential and attract partners from across the public, private, and philanthropic sectors to drive the financial well-being of community groups&rdquo .
This is expected to strengthen the business model and create opportunities for MoneyOwl to deliver impact and value on a larger scale.
Chuin Ting Weber, MoneyOwl chief executive and chief investment officer, said: &ldquo MoneyOwl shares Temasek Trust&rsquo s strategic vision of driving the common good. A repurposed MoneyOwl under Temasek Trust will move away from the direct retail sale of commercial products.&rdquo

SEE ALSO



chartistkao1      ( Date: 03-Oct-2023 13:51) Posted:

https://edition.cnn.com/2001/BUSINESS/asia/04/10/hongkong.daoheng/

chartistkao1      ( Date: 03-Oct-2023 13:49) Posted:

从 1965年 到 2023 十 月 的 这 里
https://www.youtube.com/watch?v=COdSyBUyMl


 
 
chartistkao1
    03-Oct-2023 13:51  
Contact    Quote!
https://edition.cnn.com/2001/BUSINESS/asia/04/10/hongkong.daoheng/

chartistkao1      ( Date: 03-Oct-2023 13:49) Posted:

从 1965年 到 2023 十 月 的 这 里
https://www.youtube.com/watch?v=COdSyBUyMl4

chartistkao1      ( Date: 03-Oct-2023 13:44) Posted:

buying sg stocks and properties from 2009 till october 2023
https://www.youtube.com/watch?v=4EPHUvk4xC8
 
if you can understand cantonese you will stop buying


 
 
chartistkao1
    03-Oct-2023 13:49  
Contact    Quote!
从 1965年 到 2023 十 月 的 这 里
https://www.youtube.com/watch?v=COdSyBUyMl4

chartistkao1      ( Date: 03-Oct-2023 13:44) Posted:

buying sg stocks and properties from 2009 till october 2023
https://www.youtube.com/watch?v=4EPHUvk4xC8
 
if you can understand cantonese you will stop buying


chartistkao1      ( Date: 03-Oct-2023 13:40) Posted:

usdsgd 1.3748
https://www.youtube.com/watch?v=C27NShgTQE4
 
and bye bye to all our invesments made after march 2020 till october 2023


 
 
chartistkao1
    03-Oct-2023 13:44  
Contact    Quote!
buying sg stocks and properties from 2009 till october 2023
https://www.youtube.com/watch?v=4EPHUvk4xC8
 
if you can understand cantonese you will stop buying


chartistkao1      ( Date: 03-Oct-2023 13:40) Posted:

usdsgd 1.3748
https://www.youtube.com/watch?v=C27NShgTQE4
 
and bye bye to all our invesments made after march 2020 till october 2023


chartistkao1      ( Date: 03-Oct-2023 13:37) Posted:

who is borrowing and buying assets at rate 5.75%
https://www.youtube.com/watch?v=uWuNCQRcy7


 
 
chartistkao1
    03-Oct-2023 13:40  
Contact    Quote!
usdsgd 1.3748
https://www.youtube.com/watch?v=C27NShgTQE4
 
and bye bye to all our invesments made after march 2020 till october 2023


chartistkao1      ( Date: 03-Oct-2023 13:37) Posted:

who is borrowing and buying assets at rate 5.75%
https://www.youtube.com/watch?v=uWuNCQRcy7M

chartistkao1      ( Date: 03-Oct-2023 13:32) Posted:

the game started when FED cut rates to zero in 2009 and hold its so low till 2021 and started hike rates 12 times to 5.75% from march 2022 to 3/10/2023
https://www.youtube.com/watch?v=eqC4xFqjalM
 
will the US screw Asean or Asean and china screw back the US this time


 
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