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SMRT
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edwinjup
Supreme |
15-Jul-2016 17:54
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Mgt total salary how much??
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enjoylife77
Veteran |
15-Jul-2016 17:51
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Lta pay $991M deduct debt$762M deduct IRAS tax $159M Balance $70 M |
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Goldfinger
Supreme |
15-Jul-2016 17:38
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Yah - sigh and sianz. So this is entirely a non-event.
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treetops
Elite |
15-Jul-2016 17:29
Yells: "Moments Today, Memories Tomorrow!" |
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SINGAPORE (July 15): Singapore Land Transport Authority (LTA) on Friday announced it is taking over more than 60,000 operating assets from Temasek-owned rail operator SMRT under a new rail financing framework to kick in on Oct 1. Pending approval from SMRT shareholders, the transfer will see LTA pay SMRT close to $1 billion for its operating assets, including its trains, signalling system, and maintenance equipment.
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brchkho1
Master |
15-Jul-2016 17:21
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Don' t even dream of SMRT gets delisted lah. In the new operating model to cut over from existing ones is government buys up all the operating assets and let SMRT continue to operating the trains/bus services till end of the contract terms with a lump sum payment for service rendered. SMRT will not be bothered about the " subsidized fare" collection. Fee is the guaranteed income, besides, if service levels are met, will be further incentivised. Of course, penalty for failing to meet. Sharesholders' approval is needed for sale of all these assets, EGM will be called in due course if the announcement is referring to this.
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edchai
Veteran |
15-Jul-2016 17:19
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Announcement made .... SMRT will not be using the proceeds from its asset sale to LTA to pay any dividend to shareholders. |
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Goldfinger
Supreme |
15-Jul-2016 16:22
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Haha - I would rather they give us 50cts dividend for each share 😃 😃 😃 | ||||
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pinkowl
Supreme |
15-Jul-2016 16:05
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I think it' s good news. Will have more resources to upgrade, maintain and uphold qualityand service.
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Goldfinger
Supreme |
15-Jul-2016 15:42
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Is this news good or bad? Licence cut to 15 years but $1billion paycheck | ||||
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treetops
Elite |
15-Jul-2016 15:33
Yells: "Moments Today, Memories Tomorrow!" |
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Will it get delist since gov taking over all? Hmm.... |
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treetops
Elite |
15-Jul-2016 15:32
Yells: "Moments Today, Memories Tomorrow!" |
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Government to take over all operating assets from SMRT, including trains |
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k3n888
Member |
15-Jul-2016 15:23
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Announced on straitstimes :) | ||||
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mrwise
Supreme |
15-Jul-2016 14:40
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Time to announce rail financing.... |
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Octavia
Supreme |
15-Jul-2016 14:39
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Trading halted at noon |
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brchkho1
Master |
13-Jul-2016 23:04
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Octavia
Supreme |
13-Jul-2016 21:48
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Assume not affected by the hairline crack.
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brchkho1
Master |
13-Jul-2016 09:13
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Trading within range since Apr
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brchkho1
Master |
13-Jul-2016 09:10
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Looks like the train is moving now. |
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Siwomp
Supreme |
07-Jul-2016 15:43
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I tot the new trains are the assets of LTA, so not smrt concern. so long as they have enough train to run with, then ok..... recall, LTA business...... | ||||
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investshare
Supreme |
07-Jul-2016 15:26
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What happen?? First SingPost, now SMRT, why SMRT did not disclose this material issue then? https://www.hongkongfp.com/2016/07/05/mainland-manufacturer-mtr-secretly-recalls-35-trains-singapore-due-cracks/ Mainland manufacturer for MTR secretly recalls 35 trains from Singapore due to cracksChinese-made subway trains in Singapore have cracks in their car bodies and key structural components, resulting in 35 trains being shipped back to their manufacturer in Qingdao for replacement, FactWire can reveal. Update: HK gov&rsquo t received complaints of Singapore MTR train problems during tendering in early 2015 Details of the defects and the recalls have been kept secret in both Singapore and China. The same mainland manufacturer is responsible for manufacturing nine trains for the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XLR) and 93 trains for the Mass Transit Railway Corporation&rsquo s (MTR Corporation) four urban lines. |
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