Chartered sold despite investor angst
November 5th, 2009 | 
Author: A DECADE ago, investor Lui Chee Meng sank $30,000 into what he thought was a safe blue-chip company backed by Temasek Holdings.
Now, he has lost almost all the cash he put into Chartered Semiconductor Manufacturing, the world’s No. 3 chipmaker.
The loss made him so angry that he voted against the $5.6 billion acquisition of Chartered by a Middle Eastern fund.
But the sale went through anyway, as o… more
Posted in Singapore Financial News | 
Tags: acquisition, blue chip company, cash, Chartered, chartered semiconductor, Chee, chipmaker, company, decade, Eastern, Fund, Holdings, investor, loss, Lui, manufacturing, Meng, middle, sale, Semiconductor, Temasek, temasek holdings, World
