Tuesday, June 14, 2016

Stress!


Stress!


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NOL appoints new CEO, CFO amid takeover by France's CMA CGM

NOL appoints new CEO, CFO amid takeover by France's CMA CGM
Singapore's Neptune Orient Lines (NOL)'s new chief executive officer Nicolas Sartini and chief financial officer Serge Corbel are from France's CMA CGM, which owns about 81.17 per cent of NOL's shares as of Monday (Jun 13).

Posted 14 Jun 2016 20:17 Updated 14 Jun 2016 20:20

SINGAPORE: Amid a successful takeover offer by France's CMA CGM, Singapore shipping container firm Neptune Orient Lines (NOL) announced a new chief executive officer (CEO) and chief financial officer (CFO) on Tuesday (Jun 14).

New CEO Nicolas Sartini takes over from Ng Yat Chung, who has been group president and CEO of NOL since October 2011. Mr Ng will continue as an executive director on the NOL Board and special adviser to the chairman, CMA CGM and NOL said in a joint press release.

Serge Corbel takes over from Cedric Foo, who had been CFO since January 2007. Both Mr Sartini and Mr Corbel are from CMA CGM, and the former's most recent role was as the French shipping giant's Group Senior Vice President.

CMA CGM offered to buy NOL at S$1.30 a share on Dec 7 last year; majority shareholder Temasek, which owned about 67 per cent of NOL, had agreed to sell its stake in the company.

The NOL board was reconstituted the same day that CMA CGM's offer went unconditional, last Thursday, with Rodolphe Saadé, the vice chairman of CMA CGM, succeeding former NOL Board chairman Kwa Chong Seng.

Mr Kwa will remain an independent director on the Board, both companies said in the release.

As of 5pm on Monday, the French firm owned about 81.17 per cent of NOL's shares, according to a circular on the Singapore Exchange. The company has said that it intends to delist NOL when it owns at least 90 per cent of the latter's shares. Minority shareholders have until Jul 18 to sell their shares to CMA CGM at the offered price.

NOL, Southeast Asia's largest container shipping firm, has been losing money in recent years. Last month, it reported a loss of S$142m for the first quarter of the year.

CMA CGM, in announcing the buyout last year, said that it would choose Singapore as its regional headquarters and commit to bringing more volume to Singapore's ports.

- CNA/mz


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McAfee DAT version = 8195 (jun 13th 2016)

McAfee DAT version = 8195 (jun 13th 2016)

Link: here ( Select Yes. And it keeps getting updated daily. Region=US)




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System Updates: Router Changes

System Updates: Router Changes

- Increase cache size for faster caching

- Enable local dns. Previously was disabled.



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Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

- wong chee tat :)

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

- wong chee tat :)

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas

- wong chee tat :)

六字真言頌 怙主三寶

六字真言頌 怙主三寶

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虔誠頂禮觀音菩薩,消除罪孽速證佛果,嗡瑪尼巴美吽……
如來佛子慈悲引路,眾生往生極樂佛土,嗡瑪尼巴美吽……


六字斷除六道苦難頌


嗡字放光照耀天界,死苦難忍觀音救度,嗡瑪尼巴美吽……
瑪字光照阿修羅界,爭斗死傷觀音救度,嗡瑪尼巴美吽……
尼字放光照亮人間,生老病死觀音救度,嗡瑪尼巴美吽……
巴字放光照亮畜生,蠢啞痛苦觀音救度,嗡瑪尼巴美吽……
美字放光照亮惡鬼,饑餓難熬觀音救度,嗡瑪尼巴美吽……
吽字放光照亮地獄,冷熱煎熬觀音救度,嗡瑪尼巴美吽……


- wong chee tat :)

Om Mani Padme Hum

Om Mani Padme Hum


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Blog Updates:

Blog Updates:

Minor updates:

- Update labels on some old posts

Will continue to make minor improvements for this blog!

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