Justin Lee's posterous http://bigsurf.posterous.com Most recent posts at Justin Lee's posterous posterous.com Sun, 24 Oct 2010 04:21:20 -0700 (BN) Singapore Exchange Said to Plan $8.2 Billion Offer for ASX http://bigsurf.posterous.com/bn-singapore-exchange-said-to-plan-82-billion http://bigsurf.posterous.com/bn-singapore-exchange-said-to-plan-82-billion

Bloomberg News, sent from my Android phone

Oct. 24 (Bloomberg) -- Singapore Exchange Ltd. plans to offer about A$8.4 billion ($8.2 billion) in cash and stock to buy ASX Ltd., which runs the Australian stock exchange, two people familiar with the matter said.

The operator of Singapore’s exchange will bid A$48 per ASX share and pay 55 percent of the deal in stock and the remainder in cash, the people said, asking not to be identified before an announcement scheduled for Monday. Shareholders of ASX will receive A$22 cash for each share they hold, they said.

The combination would be the first between two exchange operators in the Asia-Pacific region and will create the area’s first pan-regional stock exchange. The takeover would bolster the global competitiveness of the Singaporean and Australian bourses by lowering costs, allowing new products and increasing the scale of their operations, one of the people said.

After the transaction, the new holding company’s shares will be primarily listed in Singapore with its depository receipts listed in Australia, the people said. Investors will receive 3 1/2 Singapore Exchange shares for each ASX share, one of the people said.

The offer price represents about a 37 percent premium to the last closing price of ASX in Sydney. Trading in shares of both companies was halted on Friday.

Matthew Gibbs, an ASX spokesman, and Magdalyn Liew, a spokeswoman for Singapore Exchange, each declined to comment.

To contact the reporter on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net

Find out more about Bloomberg for Android: http://m.bloomberg.com/android

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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Mon, 10 May 2010 09:43:07 -0700 Dedicated to Mr Vinod Nair http://bigsurf.posterous.com/dedicated-to-mr-vinod-nair http://bigsurf.posterous.com/dedicated-to-mr-vinod-nair Your brand of wax strips!

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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Fri, 12 Feb 2010 06:56:38 -0800 Catch my on Google Buzz http://bigsurf.posterous.com/catch-my-on-google-buzz http://bigsurf.posterous.com/catch-my-on-google-buzz Here's my Buzz profile if you're interested to follow me:

I've been trying it out for the past 2 days and I'm really excited about it. Haven't been as excited about a software since Posterous came along.

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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Thu, 21 Jan 2010 20:31:34 -0800 testing the new post.ly http://bigsurf.posterous.com/testing-the-new-postly http://bigsurf.posterous.com/testing-the-new-postly

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]]> Thu, 17 Dec 2009 00:34:32 -0800 Meet Tom who just spent 9 months cycling from Germany to Singapore! http://bigsurf.posterous.com/meet-tom-who-just-spent-9-months-cycling-from http://bigsurf.posterous.com/meet-tom-who-just-spent-9-months-cycling-from Met Tom while I was buying duck rice. He asked for directions so I helped him out. He rode 17k miles through central Europe to Turkey to Central Asia to China to Laos to Singapore which was his last stop. Talking to him about his adventure really made my day!

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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Wed, 16 Dec 2009 22:32:58 -0800 Malaysian postman who looks like Obama http://bigsurf.posterous.com/malaysian-postman-who-looks-like-obama http://bigsurf.posterous.com/malaysian-postman-who-looks-like-obama
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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Wed, 16 Dec 2009 00:06:20 -0800 Slippers which look like panties http://bigsurf.posterous.com/slippers-which-look-like-panties http://bigsurf.posterous.com/slippers-which-look-like-panties Found them in KL! Hahaha

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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Tue, 15 Dec 2009 03:08:08 -0800 Escargots! http://bigsurf.posterous.com/escargots http://bigsurf.posterous.com/escargots My first time
Eating it
It was delicious!

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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Tue, 15 Dec 2009 00:04:48 -0800 Dyson bladeless fan http://bigsurf.posterous.com/dyson-bladeless-fan http://bigsurf.posterous.com/dyson-bladeless-fan Saw this in KL it's really nice :)

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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Mon, 14 Dec 2009 07:37:35 -0800 Singapore's Upper middle class folks are living in style: STAR http://bigsurf.posterous.com/singapores-upper-middle-class-folks-are-livin http://bigsurf.posterous.com/singapores-upper-middle-class-folks-are-livin
In a two-storey home, I saw various family members watching cable television on five 37-inch LCD sets in their own rooms. One was attached next to the dining table so that none needed to miss any programme while eating. In front of the house were parked two cars.
via singapore-window.org

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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Fri, 11 Dec 2009 19:37:50 -0800 At the Young Corporate Malaysians Summit http://bigsurf.posterous.com/at-the-young-corporate-malaysians-summit http://bigsurf.posterous.com/at-the-young-corporate-malaysians-summit
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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Thu, 10 Dec 2009 06:19:32 -0800 RJC Reunion Pics: With Mrs Joan Fong and Kelly http://bigsurf.posterous.com/rjc-reunion-pics-with-mrs-joan-fong-and-kelly http://bigsurf.posterous.com/rjc-reunion-pics-with-mrs-joan-fong-and-kelly Mrs Fong was our Physics lecturer

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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Thu, 10 Dec 2009 06:17:32 -0800 RJC Reunion Pics: With Ms Chien and Quan Hui http://bigsurf.posterous.com/rjc-reunion-pics-with-ms-chien-and-quan-hui http://bigsurf.posterous.com/rjc-reunion-pics-with-ms-chien-and-quan-hui
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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Sun, 06 Dec 2009 22:09:54 -0800 RJC reunion pics: With RQ http://bigsurf.posterous.com/rjc-reunion-pics-with-rq http://bigsurf.posterous.com/rjc-reunion-pics-with-rq
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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Sun, 06 Dec 2009 19:01:27 -0800 Firefox look neckpillow http://bigsurf.posterous.com/firefox-look-neckpillow http://bigsurf.posterous.com/firefox-look-neckpillow I found this at Watsons. It's a travel neck pillow, curled up looking like the firefox logo.

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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Sun, 06 Dec 2009 18:24:29 -0800 Reflexlogy design socks and gloves http://bigsurf.posterous.com/reflexlogy-design-socks-and-gloves http://bigsurf.posterous.com/reflexlogy-design-socks-and-gloves
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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Sun, 06 Dec 2009 16:30:01 -0800 Chair with Wifi pattern http://bigsurf.posterous.com/chair-with-wifi-pattern http://bigsurf.posterous.com/chair-with-wifi-pattern Geeks will identify such patterns in the environment

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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Mon, 30 Nov 2009 05:49:00 -0800 An over-foamy cuppacino... http://bigsurf.posterous.com/an-over-foamy-cuppacino http://bigsurf.posterous.com/an-over-foamy-cuppacino
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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Mon, 30 Nov 2009 01:42:17 -0800 Fat Burger from LA in Jakarta http://bigsurf.posterous.com/fat-burger-from-la-in-jakarta http://bigsurf.posterous.com/fat-burger-from-la-in-jakarta Yes it's called fat burger. It's a little like in and out burger. Quite delicious

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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee Sun, 29 Nov 2009 18:07:46 -0800 Pouring water to make a cup of Kopi Luwak http://bigsurf.posterous.com/pouring-water-to-make-a-cup-of-kopi-luwak http://bigsurf.posterous.com/pouring-water-to-make-a-cup-of-kopi-luwak
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]]> http://files.posterous.com/user_profile_pics/38871/DSC_8359_small.jpg http://posterous.com/users/KDBhy4a9kB Justin Lee bigsurf Justin Lee