atans1

HoHoHo: Another great Temasek investment?

In China, Temasek on 16/06/2018 at 10:30 am

When Hainan Airlines, HNA’s flagship carrier and HNA’s main cash generator, earlier this week, said it would sell up to 20% of its Shanghai listed shares to 10 investors among whom was one Temasek Holdings, cybernuts were screaming “Sure to lose money”.

Well they might like to know that China is leaning hard on its banks to support troubled HNA’s refinancing activities.

A person familiar with HNA’s investment in Deutsche Bank said the German lender saw the call to support the bond issue as positive. “It’s not a bailout but support in financing, absolutely different to Anbang.”

FT

So a stake in HNA’s crown jewels, Hainan Airlines, sounds a good deal.

Whatever, with enemies like Phillip Ang (cybernuts go-to person for financial advice and analysis on our SWFs) and Uncle Leong, the PAP govt doesn’t need friends like Fabrications About the PAP or Calvin Cheng. Sad.

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