Singapore sovereign wealth fund, Government Investment Corp (GIC), will convert 11 billion Swiss francs ($14.54 billion) worth of UBS notes into shares next month at a price that may erode the value of its stake in the Swiss bank by 70%.
So far, I haven't heard of good news from Singapore's two sovereign wealth fund - GIC and the Temasek Holdings.
UBS stake may be worth 70% less as GIC converts [via]
Subscribe to:
Post Comments (Atom)
Popular Posts
-
According to a report in TodayOnline , Temasek-linked firms may post lower dividends this year. Even billionaire Warren Buffett's Berksh...
-
Singapore’s Land Transport Authority has just released an updated official MRT map including one additional station on the North East Line (... -
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
-
Robocopy, short for "Robust File Copy" is an advanced command-line utility included in Windows. It's designed to copy files an...
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.