Actually there is not much value that GenP or GenM holdings brings to GB apart from dividend Only way to unlock the subsidiary values is when you sell your holdings, which is a very unlikely event
. Genting HK’s unfinished Global Dream cruise ship attracts investors February 15, 2022 13:07 pm +08
(Feb 15): Billionaire Tan Sri Lim Kok Thay is among several investors interested in purchasing the Global Dream mega luxury liner that was under construction at Genting Hong Kong Ltd’s now-insolvent shipbuilder MV Werften in Germany
Don't daydream. No one/co would sell big amt in open mkt to retailers. Stupig only sell open mkt to retailers recover LEAST $ Smart will sell to big investors to recover MAX $
Naysayers want free GB shares - no need to pay any $ Everyday nonstop barking like mad dogs 24/7 365 day
Day dreamer can continue speculating & guessing. Like a frog looking at the cloud from the coconut shell. Pledged shares are under nominee account. Money borrowed can been used for any private business. Example Singapore-listed Grand Banks Yachts Ltd, Zouk Group limited or Genting Resort Secret Garden that organizing Beijing Winter Olympic.
Why SI88 still wasting his time here everyday? No other forums for him to post? This stock is sleeping possibly for another two years or more, most funds in KLSE have moved to plantations and oil for now.
YES STARTOFTHEBULL GOOD QUESTION WHY ARE YOU HERE HOW IS GLOVES BTW 15/02/2022 9:25 PM
BTW, this is not related to gloves. Why do you ask me about gloves? That is strange. I am just here to take a look how many regular shareholders still enjoying the party here. LOL
Its true what you posted will not move the share price but it is not right for you to spread false unverified news publicly here.
Yes LKT pledged some of his GentB shares. No outsiders know what those pledged shares are for what purposes. Only the Lim family and the bank that took those GentB shares as collateral will know. The bank is bound by banking confidentiality laws to stay silent. Only the Lim family can verify what those pledge GentB shares are for. My best guess is that it could be for the massive rm10B Genting Ski resort project, the showcase venue for this Beijing Winter Olympics. It could be for their other personal projects, etc. We wont know unless LKT self-declare.
I have friends who will immediately get their banks to remove their personal guarantee for all corporate bank loans after their companies go IPO. They dont do personal guarantees or pledge their personal assets for the public listco corporate loans. Why should public shareholders get this free ride on their personal guarantee or their pledged personal assets to secure public listco corporate loans? Its a public company.
LKT is smart enough to ring-fence corporate debts and liabilities of GHK away from all other Genting group of companies. He and his team of advisors will surely use the same ring-fence strategy for GHK corporate loans and the Lim family prized assets like GentB shares (which is the controlling parent company for GenP, GenS, GenM, RWLV, etc). You think LKT is so stooopid to pledge his prized assets for GHK's (public listco) corporate loans, knowing very well that GHK has the highest chance of corporate bankruptcy among all the genting companies? Even SI88 also know since 2020 that GHK is the weakest company. "When is GHK sailing home?".... "When is GHK sailing home?"...Use you grey matter and think la.... even SI88 is smarter on this aspect.
Assuming at worse case scenario LKT may have pledge his personal GHK shares to secure more GHK corporate loans like playing showhand tactic so that corporate banks will not pull their support for GHK resulting in GHK bankruptcy. LKT is fully aware that those pledged GHK shares will be near to worthless anyway in the event corporate bankers pull their support for GHK. What is there to lose for LKT if he has pledged his personal GHK shares for GHK corporate loans? Nothing. Those GHK shares dont worth much anyway during bankruptcy.
Next, you are confused with liquidators and the bank that accepted those pledged GentB shares. Those GHK liquidators were hand chosen and appointed by LKT and the liquidator's job is to find the best outcome, price, etc so that creditors and interested parties can salvage the most out from this bad GHK situation. Liquidators dont have the power to force sell pledged shares. Its the bank's job to do it. But again, we dont know what those pledged GentB shares are for what personal loans in the first place. It is ridiculous and very irresponsible for you to spread false news publicly. I not so free to email here and there to complain/report but got some people like to email and report...... better be cautious here yah...later MoneyMakers kena.
@Choysun, MoneyMakers has been writing this GentB pledged shares forced selling in open market rubbish for a month already. Most responses here are still going along with her false rubbish...... until today finally @Calafate pointed out her flawed unverified false news. I also tahan this rubbish very long already today need to give my views also. Geeeez.....
Fully agree @Money Makers….experienced professionals usually describe in few short sentences, no need such long essays…. Hahaha Red or green, I am happy! Good stock mah…
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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....
MoneyMakers
7,737 posts
Posted by MoneyMakers > 2022-02-15 16:18 |
Post removed.Why?