Losing A Friendly Wager (Recrop)

Written by

Azure Capital Fund Management Singapore Private Debt Fund Singapore Hedge Funds Lyte Fund Terence Wong Blue Suit

Terence Wong, CFA

CEO and Executive Director
Azure Capital

Losing A Friendly Wager

Nov 27, 2023

I made a friendly bet with Han Khim Siew, CEO of OUE Commercial REIT. Both of us were convinced we were the elder of the two.

Han had a lot on his plate when he assumed the chief executive role early last year. The REIT owns a number of prized assets in hospitality (Hilton Orchard, Crown Changi) and office (OUE Downtown, One Raffles Place). Both sectors were among the worst hit during Covid, and the former banker needed to make sure the S$5.5 billion portfolio were properly refinanced. That must have been a stressful period, but it sure didn’t show on his face.

On a side note, I lost the bet and had to buy him coffee. He’s a year older.