693 Singapore's stock market plummeted, and assets shrank severely
After hanging up Bittar's phone, Chen Hui fell asleep, last night with Ling Yu'er at the beach in order to watch the sunrise, stayed on the beach for a night, the sea breeze was cool, in order to avoid Ling Yu'er being cold, his whole person was blown by the sea breeze for a night, at this time he couldn't help but sneeze twice in a row.
"It's a little cold!"
Immediately, Chen Hui hurriedly rushed to the bathroom, took a hot shower, and returned to the big bed, at which time he received another message.
It was sent by Ling Yu'er.
Chen Hui smiled at the corner of his mouth, and after replying, he began to rest.
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At this time, Temasek Holdings was already surrounded by a heart attack in the trading room of Temasek Holdings' headquarters, Banandan, the president of Temasek Holdings.
At the same time, another shocking news broke the news.
Temasek Holdings lost HK$300 billion (US$38.7 billion) in the Hang Seng Index!
Temasek Holdings' Chief Executive Banandan committed suicide by overdosing in the trading room because of this huge loss!
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A number of major international banks are now planning to auction off Temasek Holdings' assets pledged to their banks to cover Temasek Holdings' loan defaults!
At the same time, the Singapore stock market fell sharply today, and the exchange rate of the Singapore dollar against the US dollar also fell sharply!
There was a sense of depression in the whole city of Singapore, and a dark cloud seemed to cast over everyone's minds.
"Temasek Holdings, which controls most of Singapore's core assets, should they be auctioned?"
Finally, in the middle of the day, Temasek Holdings issued a statement that it had only lost US$15 billion, and also clarified the rumors that Temasek Holdings' chief executive, Banandan, had committed suicide, claiming that he had died of a sudden heart attack.
Soon after, Singapore's sovereign wealth fund also issued a statement that it would forgive Temasek Holdings' US$1 billion debt and help Temasek Holdings as much as possible to tide over the difficulties.
However, the shares of Temasek Holdings, Singapore International Port Group, Singapore Power, Singapore Power Company, Singapore Power Company, Singapore SMRT Company, Singapore Technology Telemedia Pte Ltd, Mediacorp Group, Mapletree Group, MPH Group, Singapore Technology, Surbana Jurong Group, Singapore Airlines, Singapore Telecom, CapitaLand, Singapore Lanes Singapore, ST Engineering, Sembcorp Industries, DBS Bank, SATS and Keppel Group have all plummeted.
And of course, the share price of Standard Chartered Bank!
This time, Singapore's sovereign wealth fund suffered heavy asset losses due to the collapse of Singapore's stock market. I can't say that this time I was also cheated by Temasek Holdings, and I had to forgive its $1 billion debt.
A number of big international banks are even more panicked, they have loaned a total of $10 billion to Temasek Holdings, but these $10 billion loans to Temasek Holdings cannot be repaid, they can only pledge Temasek Holdings' $20 billion assets for auction, these $20 billion assets are the shares of Singapore's core companies, and now the stock prices of these core companies have plummeted, and the value of these assets in their hands is shrinking, so that they are panicking, and they are looking for buyers to take over these assets!
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Temasek Holdings' interim head Li Sijie is in talks with Zhang Xiaolei, Executive Vice President of Standard Chartered Bank Asia and Chief Executive Officer of Standard Chartered Tower.
Li Sijie looked at Zhang Xiaolei with a blue face and said:
"Ms. Zhang, I made it very clear, the 25% of the shares of Standard Chartered Bank in our hands can be resold at any time!"
"As for the previous $450 million in interest on the loan, we have already paid you!"
"And now you're coming to us to repay an extra $500 million loan!"
"What the hell do you mean by Standard Chartered Bank?"
After Li Sijie finished speaking, he looked at Zhang Xiaolei angrily, the stock price of Standard Chartered Bank has also plummeted today, and the 25% of the shares of Standard Chartered Bank that they pledged to Standard Chartered Bank are no longer worth $7.5 billion, and they have shrunk by $500 million!
Today, Standard Chartered's share price is the worst of all Temasek Holdings' shares!
Because last week, they have sued Standard Chartered Bank, HSBC, and Bank of America for deliberately raising the interest rate of Hong Kong dollar loans, and cooperating with financial institutions led by Black Shirt Capital to manipulate the trend of the Hang Seng Index, and a series of plunges in the Hang Seng Index are inseparable from the cooperation of Standard Chartered Bank, HSBC, and Bank of America!
Moreover, the funds borrowed by Black Shirt Capital from Standard Chartered Bank, HSBC, and Bank of America have also been shaken out.
It contains all kinds of bribes from the black-shirt capital!
At the same time, Standard Chartered Bank also exposed huge bad debt news, and the $7.5 billion loaned to its shareholder Temasek Holdings could not be recovered!
Zhang Xiaolei held a press conference at the end of the week, directly announcing that Temasek Holdings had defaulted, causing a loss of $7.5 billion to Standard Chartered Bank! This half-truth and half-truth news triggered Standard Chartered Bank's stock price to dive directly at the opening of today's market, and a total drop of nearly 7% at the close of trading today!
And the 25% stake in Temasek Holdings has shrunk by almost 7% and is now worth only $7 billion!
So if you add it up, they have to repay the extra $500 million in loans from Standard Chartered Bank!
Zhang Xiaolei said with a serious face: "Mr. Li, I have already made it clear to you!"
"Your Temasek Holdings company borrowed US$7.5 billion from our Standard Chartered Bank for a short period of time, but the 25% stake in Standard Chartered Bank that you pledged to us is currently only worth US$7 billion!"
"If we take this 25% of the shares of Standard Chartered Bank and sell them, we will lose $500 million!
"It's clearly written on the contract!"
"See for yourself!"
Saying that, Zhang Xiaolei directly took out the contract she had signed with Banandan from her bag and threw it in front of Li Sijie!
In recent days, Zhang Xiaolei can be said to have borne the pressure of many shareholders of Standard Chartered Bank, and was scolded miserably on the phone!
Because she deliberately announced that Standard Chartered Bank had incurred $7.5 billion in bad debts, the stock price of Standard Chartered Bank fell miserably, and the value of Standard Chartered Bank's shares held by all shareholders of Standard Chartered Bank shrank by 7%!
Many shareholders even called her directly and scolded her like a bloody squirt!
But she couldn't help it!
It can't be said that the chairman of Standard Chartered Bank instructed her to do so in order to buy a 25% stake in Standard Chartered Bank held by Temasek Holdings at a low price.
She's just a black pot!
But thinking that Standard Chartered Bank is about to become the chairman's private bank, she is relieved, she is the person promoted by the chairman, and she is only responsible to the chairman, and does not need to be responsible to the board of directors!