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28-06-2014, 09:20 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
This is a remarkable story of a young Crescent School girl, the eldest daughter of a retired businessman who went on to run one of the most successful sovereign funds, achieving an impressive 18% annualised return and doubling its value since she took the helm of the fund in 2002.
This is a story of perseverance, resilience and single-mindedness to achieve, to be better than anyone, to reach for the skies and go where no man has gone before.
The formative begins in 1976, when this young local engineering graduate with first class honours joins the Ministry of Defence and within 6 years becomes the Deputy Director of Defence Science Organisation. In 1985 in the same year of her marriage she is receives the prestigious Public Administration Silver medal. In 1987 she leaves the civil service to taste the tough world of the private sector. She joins Singapore Technologies and goes on to climb the corporate ladder on pure grit and merit.
In March 1996, Singapore Technologies purchases Micropolis an American Hard Drive maker despite HP exiting the market known months earlier for its tight margins and Micropolis failing to make a profit for the last 3 years. 19 months later, liquidators PWC are called in with 1,300 losing their jobs in Singapore. Then Minister of Finance Richard Hu reveals in Parliament that the total loss is $630M (not $340M as widely reported). In later years, former cabinet Minister and the Chairman of Temasek S Dhanabalan hailed her courageous act of stemming the losses by exiting the business.
What is little known is that within days of the purchase, Al Shugart, the owner of Seagate, the largest private employer after Singapore Airlines with 18,000 employees complains to the Deputy Prime Minister Lee Hsien Loong that Government of Singapore is now directly competing with his company. and that Mdm Ho is Deputy Chairman of EDB and thus privy to his company's investment plans thru EDB and in what appears to be a conflict of interest situation.
To date there has been no other Singaporean since independence that has achieved so much as Mdm Ho Ching. In March this year, Temasek opened its London Office and this week in New York, 17 years after recording the largest loss in Singapore's Corporate history, a record yet to he broken.
Then there is the story of Australian Kindegarten chain ABC Learning which was purchased for $427M in 2008. When ABC began to struggle with its share price sliding, Temasek increased its stake by another 12 million shares, 6 months later the company collapses and it then emerges that its registered office is in a Condominium. Then there is the story of UBS, then there is story of Global Landing, and then ................................
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?184899-From-Micropolis-to-New-York-A-Remarkable-Journey&goto=newpost).
This is a remarkable story of a young Crescent School girl, the eldest daughter of a retired businessman who went on to run one of the most successful sovereign funds, achieving an impressive 18% annualised return and doubling its value since she took the helm of the fund in 2002.
This is a story of perseverance, resilience and single-mindedness to achieve, to be better than anyone, to reach for the skies and go where no man has gone before.
The formative begins in 1976, when this young local engineering graduate with first class honours joins the Ministry of Defence and within 6 years becomes the Deputy Director of Defence Science Organisation. In 1985 in the same year of her marriage she is receives the prestigious Public Administration Silver medal. In 1987 she leaves the civil service to taste the tough world of the private sector. She joins Singapore Technologies and goes on to climb the corporate ladder on pure grit and merit.
In March 1996, Singapore Technologies purchases Micropolis an American Hard Drive maker despite HP exiting the market known months earlier for its tight margins and Micropolis failing to make a profit for the last 3 years. 19 months later, liquidators PWC are called in with 1,300 losing their jobs in Singapore. Then Minister of Finance Richard Hu reveals in Parliament that the total loss is $630M (not $340M as widely reported). In later years, former cabinet Minister and the Chairman of Temasek S Dhanabalan hailed her courageous act of stemming the losses by exiting the business.
What is little known is that within days of the purchase, Al Shugart, the owner of Seagate, the largest private employer after Singapore Airlines with 18,000 employees complains to the Deputy Prime Minister Lee Hsien Loong that Government of Singapore is now directly competing with his company. and that Mdm Ho is Deputy Chairman of EDB and thus privy to his company's investment plans thru EDB and in what appears to be a conflict of interest situation.
To date there has been no other Singaporean since independence that has achieved so much as Mdm Ho Ching. In March this year, Temasek opened its London Office and this week in New York, 17 years after recording the largest loss in Singapore's Corporate history, a record yet to he broken.
Then there is the story of Australian Kindegarten chain ABC Learning which was purchased for $427M in 2008. When ABC began to struggle with its share price sliding, Temasek increased its stake by another 12 million shares, 6 months later the company collapses and it then emerges that its registered office is in a Condominium. Then there is the story of UBS, then there is story of Global Landing, and then ................................
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?184899-From-Micropolis-to-New-York-A-Remarkable-Journey&goto=newpost).