*Official* MasterLeong Thread

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MasterLeong

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Chinese investors buy stake in mapping firm HERE
By Reuters / Reuters | December 27, 2016 : 6:14 PM MYT
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FRANKFURT (Dec 27): Chinese mapping firm NavInfo, internet group Tencent and Singapore's sovereign wealth fund GIC are buying a 10% stake in digital maps company HERE, the latest in a string of Chinese acquisitions in Europe.

Germany carmakers Audi, BMW and Daimler bought HERE from Nokia for 2.55 billion euros ($3.8 billion) last year to create an alternative digital mapping business to Google.

Under the deal announced on Tuesday, the carmakers will reduce their combined ownership of HERE by 10%, HERE and the buyers said in a statement.

They did not disclose financial details of the deal, which they expect to close in the first half of 2017.

Intelligent mapping systems are seen as a key for self-driving cars, which are equipped with street-scanning sensors to measure traffic and road conditions. The real-time data gathered can in turn be shared with other map users.

Nokia bought the company at a time when drivers were starting to switch from navigation devices such as those made by Garmin and TomTom to using smartphones to provide directions. Nokia sold it to the German carmakers last year to focus on its telecoms equipment business.

HERE had been aiming to find new partners by the end of the year and was in discussions with dozens of possible investors, including Amazon.com, Microsoft and Bosch.

HERE said it will now form a joint venture with NavInfo to extend its products to China using NavInfo's data and services.

Tencent will use HERE's mapping and location platform services in its own products, both in China and internationally.

The deal comes after a string of high-profile takeover approaches in Europe, particularly in Germany, though Chinese overtures have not always been welcome.

Home appliance maker Midea bought industrial robot firm Kuka in a 4.5 billion euro deal in May, in what was the biggest Chinese deal for a German industrial technology company.

China's Fujian Grand Chip Investment Fund withdrew a 670 million euro bid for chip equipment maker Aixtron this month after the United States blocked the acquisition of its US division on national security grounds and German authorities withdrew their approval.

Germany and China have become involved in an increasingly public dispute about access to each others' markets, with China complaining about unfair scrutiny of its acquisition targets in Germany, and Germany wanting a more level playing-field for its firms in the world's second-largest economy.
 

mazatsushi

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You sound really new
Dont be in too much hurry to get invested
Spend a few months reading up first
Anything not sure can ask us here

Sti etf would be good to get your feet wet
Dont dive down into the adult swimming pool yet

Wah say until like that, means I am also just only bonking around in the children pool? :(
 

MasterLeong

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Wah say until like that, means I am also just only bonking around in the children pool? :(

Just saying that new investor should go slow
This year saw new investors piling big into a mining stock and got burn
Pm me to ask for help also no use
 

yihao93

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Just saying that new investor should go slow
This year saw new investors piling big into a mining stock and got burn
Pm me to ask for help also no use

Can sic their pm and post her ?
Moi want sinkie pwn sinkie
 

mazatsushi

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Just saying that new investor should go slow
This year saw new investors piling big into a mining stock and got burn
Pm me to ask for help also no use

Ah got it!
Actually why not just tell newbies that there is a holy trinity in investing.

Can choose from these 3 choices:
(1) Short time span
(2) Low risk
(3) High returns

But can only choose 2.
Usually most of them will wake up their bloody idea :s13: :s13:
 

akwl88

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[SINGAPORE] Singapore will provide advance estimates of gross domestic product (GDP) for the fourth quarter and for 2016 at 8am (0000 GMT) on Jan 3, the Ministry of Trade and Industry said on Tuesday.

In the third quarter, Singapore's economy contracted 2 per cent from the previous quarter on an annualised and seasonally adjusted basis. Compared to a year earlier, GDP grew 1.1 per cent in the July-September quarter.

Data released last week showed that Singapore's industrial production in November rose at the fastest annual pace in more than 2-1/2 years as electronics output jumped, an outcome that was seen by economists as reducing the risk of GDP contracting again on a quarter-on-quarter basis in the fourth quarter.

http://www.businesstimes.com.sg/gov...urce=Facebook&xtor=CS1-3#link_time=1482819362
 

MasterLeong

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Ah got it!
Actually why not just tell newbies that there is a holy trinity in investing.

Can choose from these 3 choices:
(1) Short time span
(2) Low risk
(3) High returns

But can only choose 2.
Usually most of them will wake up their bloody idea :s13: :s13:

can choose low risk and high returns meh? lol
 
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