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2010-03-16 02:10
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Posts Tagged ‘victim’

Global Investments appoints Temasek unit as manager

Instead they appointed Temasek unit ST Asset Management – a move backed by the independent directors – in a bid to revive the company’s flagging fortunes.

The move had been opposed by the previous manager, a unit of collapsed Australian investment bank Babcock & Brown, which fell victim to the financial crisis.

Babcock, the firm’s No. 1 shareholder with a 13.8 per cent stake, is in liquidat… more

Alert staff at bank and remittance firm foil kidnap scam

A KIDNAP scam was thwarted by alert staff from a bank and a remittance company who promptly called the police on Monday afternoon.

Police said that the victim, a 55-year-old housewife, received a call at about 2.30pm while she was at home, from a male caller who spoke to her in Mandarin.

In the background, the victim said she heard what sounded like her 27-year-old son screaming for help befor… more

Dispute at Global Investments

THE independent directors of a Singapore-listed investment fund – Global Investments – are embroiled in a dispute with the company’s biggest shareholder over the appointment of a fund manager to run its business.
Its previous fund manager fell victim to the global financial crisis last year. Global Investments announced last month that it wanted to hand over the job to ST Asset Management – a fund… more

Crabtree & Evelyn files for Chapter 11 protection

Soap and lotion seller Crabtree & Evelyn Ltd. says it filed for Chapter 11 protection on Wednesday, a victim of the recession and management missteps.

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