Don't fret, the announcement on 12 December 2012 about Singapore Airlines (SIA), 56 per cent owned by Temasek Holding, selling it's 49 per cent stake in Virgin Atlantic for US$360 million (S$436 million), is in line with the state investor's trading practice. 12 years ago on 30 March 2000, it paid 600 million pounds in cash (S$1.06 billion) in the hope of leveraging on the purchase for the lucrative transatlantic market. Buy high sell low. Like the Like the 3.8 percent stake in Bank of America Corp. that was disposed off at a loss of US$4.6 billion in May 2009. Full story
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