Goldman Sachs on asset hunt in Asia

DANIEL.DAVIES at flemings.com DANIEL.DAVIES at flemings.com
Wed Nov 24 00:58:19 PST 1999


Cheeky b*st*rds! I can't believe that Goldmans have managed to spin this one as if they are the only investment bank in the world, and that their presence in Asia kind of means that it is safe for capital again!!!!

When the Goldmoonies get off the plane and unpack their horrid shiny Armani suits, they may find that there are already one or two (or indeed, 1,500) "professional bankers" in Hong Kong, working for things called Jardine Fleming and HSBC. This story should have been headlined

"Goldmans tries (once more) to build its non-existent Asian franchise, wonder if they'll lose their nerve and run away again next time things get hairy?!"

Actually, I shouldn't be mouthing off about the Goldmaniacs, as there is a certain buzz that they might be looking to take us over in order to get their hands on Jardines' Asian business. Just off down the Job Centre . . .

dd


>Who says that business is not sympathetic to the environmental ethic? So
even
>Goldman Sachs believes in recycling.


>Ulhas Joglekar wrote:


>> 22 November 1999
>> Goldman Sachs on asset hunt in Asia
>> By Chris Johnson
>>


>> "The business is to acquire assets and recycle those assets."
>> Gnodde said Goldman Sachs had a team of 20 professional bankers in Hong
Kong
>> looking constantly at investment options across Asia and another team in
>> Japan doing the same. They would invest where they saw valuable assets,
>> typically in blue chip companies.
>> Goldman Sachs would look at investing in companies where its experience
in
>> enhancing shareholder value would be appreciated.(Reuters)
>>

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