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Oei Hong Leong loses $1b, takes Citigroup to court
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But I seriously doubt he'll end up having to sleep at the airport lounge...
But then not even Job can comprehend the good Lord's ways!... 
chinton86 ( Date: 19-May-2009 14:00) Posted:
| I got a feeling that this loss might make him bankrupt, thats y he so gan jiong. As u know, this kind of people had little cash at hand.
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he's gotta push up the stock prices b4 he sells the ones he owns..
good for pple who own the shares he owns...
Rms just want to sell instruments.
My RM doesn't even bother to call me when he knows I'm not buying from him...hahaha
He have to sell something.......what stocks he has ?? IPC ?? JapanLand.....
chinton86 ( Date: 19-May-2009 14:00) Posted:
| I got a feeling that this loss might make him bankrupt, thats y he so gan jiong. As u know, this kind of people had little cash at hand.
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I got a feeling that this loss might make him bankrupt, thats y he so gan jiong. As u know, this kind of people had little cash at hand.
This is not the first time Citi get into this limelight leh.........1B....can buy a lot of chicken rice....
chinton86 ( Date: 19-May-2009 11:27) Posted:
| aiya...Why like that? Lose just admit la... Lose liao blame people. I believe he had enough talent under him to calculate for him de ma...Hiaz
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I think his luck or Midas touch is on equities rather than other instruments..... he also reported by ST to have lost $ on Lehmen bonds too. Hmm...No wonder didn't see his big action on the stock market recently.
For any investor to make any informed decision, the information provided should be accurate and timely. Otherwise its bust!!!
aiya...Why like that? Lose just admit la... Lose liao blame people. I believe he had enough talent under him to calculate for him de ma...Hiaz
He does not deserve the loss without wrong information I suppose. I am sorry to know that, he is so kind hearted gentleman.
scotty ( Date: 19-May-2009 10:04) Posted:
Relationship managers are now viewed cautiously because of this. Too much promises and over selling. |
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Relationship managers are now viewed cautiously because of this. Too much promises and over selling.
By Lee Su Shyan, Assistant Money Editor
LOCAL businessman Oei Hong Leong - dubbed the 'man with the Midas touch' - lost a whopping $1 billion on foreign exchange and US Treasury bond transactions last year.
http://business.asiaone.com/Business/News/Story/A1Story20090519-142302.html
Didn't know he is a billionaire......he actually paid up the 1B debt.......
