21 November 2014
The Straits Times published a letter from one Koh Cheng Soon on 20 November 2014 suggesting that listed companies be required to buy back shares at a price fixed at a percentage of its initial public offering price, to provide assurance to investors.
If the number of investors who wished to sell their shares back to the company exceeded a predetermined percentage, the company would be delisted.
Since Mr Koh gave the example of setting the so-called committed surrender value at 20 per cent of the initial public offering price, I wonder why he (and like-minded investors) would not have sold their shares earlier, instead of waiting till they fell to that low level.
In any case, I don't know which established stock market has such practice.
Perhaps, Mr Koh should not invest in shares.
Mysterious Contributor On Sharks' Fins
21 November 2014
Both mainstream newspapers — The Straits Times and TODAY — require contributors to their forum page to identify themselves (full name, address and telephone number) and will not normally accede to the use of pseudonyms.
It was surprising therefore to come across a letter in 19 November's TODAY written by someone identified as "KT Tan" only:
Both mainstream newspapers — The Straits Times and TODAY — require contributors to their forum page to identify themselves (full name, address and telephone number) and will not normally accede to the use of pseudonyms.
It was surprising therefore to come across a letter in 19 November's TODAY written by someone identified as "KT Tan" only:
CIMB's Reply Tells Us Nothing
18 November 2014
The Straits Times Forum page had this reply from CIMB Bank Singapore:
The Straits Times Forum page had this reply from CIMB Bank Singapore:
What's the point of this letter, which tells readers absolutely nothing?
Pioneer Generation Fund Bill Amendment Rejected
3 November 2014
During the debate in Parliament on the Pioneer Generation Fund Bill today, Nominated Member of Parliament Chia Yong Yong tried unsuccessfully to amend several words in the Bill.
Ms Chia said the words in bold in Section 3:
suggested that the Pioneer Generation Package is subjected to means testing. The words suggest that for a scheme to qualify for funding under the Pioneer Generation, the disbursement of moneys or provision of benefits to any pioneers must be subjected to means testing or differentiation on grounds of financial need. She suggested that the words in bold be replaced with the word "pioneers".
During the debate in Parliament on the Pioneer Generation Fund Bill today, Nominated Member of Parliament Chia Yong Yong tried unsuccessfully to amend several words in the Bill.
Ms Chia said the words in bold in Section 3:
"…
by providing to them who are now elderly and are or
may be in need of financial relief, assistance or other
support …"
suggested that the Pioneer Generation Package is subjected to means testing. The words suggest that for a scheme to qualify for funding under the Pioneer Generation, the disbursement of moneys or provision of benefits to any pioneers must be subjected to means testing or differentiation on grounds of financial need. She suggested that the words in bold be replaced with the word "pioneers".
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