Min:25 °C Max:32 °C
» Weather Details

Updated
Sep 17, 2008
Oei gambles on AIG for LKY School
WHO dares wins, works as a motto for Britain's elite SAS forces and it is going to work wonders for the Lee Kuan Yew School of Public Policy, thanks to a bold share market gamble by tycoon Oei Hong Leong.

Mr Oei bought one million American International Group (AIG) shares on Tuesday when the stock was in freefall and many investors were bailing out of the giant insurer.

He told The Straits Times that he will donate the shares, which have already shot up in value, to the school to mark Minister Mentor Lee Kuan Yew's 85th birthday, which fell on Tuesday.

Read Lee Su Shyan's full story in Thursday's edition of The Straits Times.

S M T W T F S
01 02 03 04 05 06 07
08 09 10 11 12 13 14
Best viewed at 1152x864 resolution with IE 6.0 or FireFox 2.0 and above Copyright © 2008 Singapore Press Holdings Ltd. Co. Regn No. 198402868E | Privacy Statement | Terms & Conditions