Just my guess.. LKT is not an average cooperate man, why he willing to let go GHK from his hands? Number 1, could be he already planted someone in there and getting an upper hand over creditors, now rich shareholder is out, creditors, you want to deal or both sink. Number 2, he already saw something more meaningful to his wealth in USA, no point wasting time in GHK. Anyway, just my thoughts. Pls share if you have better ideas.
Posted by Tobby > Jan 24, 2022 6:25 PM | Report Abuse
sharefisher! Because not worth saving! He walks away! Let creditors deal with it!
I am of the same view. German government ask him to guarantee 600million Euros in order to qualify for aid. The German gomen moved the goalpost when the time came for drawdown of the promised aid.
The aid is meant to save the shipyard n continued employment of its staff. With this new condition, why must he take a great risk ?? He can simply start another cruise venture n just buy the ships without the shipyard. The rest of his investments are intact. Post restructuring, Genting HK might well be a more nimble company after debt haircut without the shipyard.
Hehe...that was the old story of Aug 2020. At present, no one know the 'pledged shares' still exist or not. Maybe Mr. Lim already claimed back the shares.
YES LETS SEE IF THE BANKS WILL SELL THE 'PLEDGED' SHARES ON THE OPEN MARKET...THEN JUST FOLLOW LKT LOOT9E FROM THE MARKET AND LAUGH ALL THE WAY TO THE BANK BUYING BACK THE SHARES CHEAP
Wonder why all mainstream newspapers not mentioning pledged shares anymore? Cos there was changes in the past 17 months. Pity most ikan bilis still rely on old newspaper rumoring around.
Guys, one thing I am sure, retailers are always least informed....... Let hope for the best. Hope LKT is smart enough to cut one figure in stead of the whole hand. Popi Popi....
US stocks market ahead huge correction territory, business direction impact from global administration restrictions, global virus variants unstoppable, western zone political tensions and corporate earnings unclear
Need to wait further clearance direction is more better
According to 'golden ratio' in chinese translate '黄金比例'
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sharefisher
5,471 posts
Posted by Sharefisher > 2022-01-24 15:05 | Report Abuse
Just wait if you want to top it up.. Let's see what is the market reaction for few more days.