Tuesday, June 14, 2016
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
- wong chee tat :)
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
- wong chee tat :)
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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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Link: here ( Select Yes. And it keeps getting updated daily. Region=US)
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System Updates: Router Changes
System Updates: Router Changes
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- 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
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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
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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
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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
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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
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六字真言頌 怙主三寶
六字真言頌 怙主三寶
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瑪尼頌詞怙主三寶,諾言活佛順口編唱,嗡瑪尼巴美吽……
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 :)
虔心皈依怙主三寶,真心憐憫慈母眾生,嗡瑪尼巴美吽……
佛為導師法為正道,僧為善侶同為救主,嗡瑪尼巴美吽……
登山階梯過河船舟,驅愚慧燈險隘坦途,嗡瑪尼巴美吽……
口誦真言心中祈禱,地獄烈火從此熄滅,嗡瑪尼巴美吽……
唱頌六字胸中發願,冷獄冰雪消融變暖,嗡瑪尼巴美吽……
誦持六字威力無比,十八地獄變成樂土,嗡瑪尼巴美吽……
世間無實因緣難料,生死輪回行善為要,嗡瑪尼巴美吽……
萬物無常善惡交替,向善精進矢志不渝,嗡瑪尼巴美吽……
暇滿人身難得至寶,虛度此生實為可惜,嗡瑪尼巴美吽……
貪心無盡欲望皆空,惡趣業因棄之從善,嗡瑪尼巴美吽……
萬惡煩惱罪孽根源,時刻提防凡夫癡念,嗡瑪尼巴美吽……
強壯身軀入土荒野,驅走死神上師引路,嗡瑪尼巴美吽……
瑪尼頌詞怙主三寶,諾言活佛順口編唱,嗡瑪尼巴美吽……
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 :)
Blog Updates:
Blog Updates:
Minor updates:
- Update labels on some old posts
Will continue to make minor improvements for this blog!
- wong chee tat :)
Minor updates:
- Update labels on some old posts
Will continue to make minor improvements for this blog!
- wong chee tat :)
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