Kissinger’s piece on Ukraine written in March 2014, after the US-supported Maidan uprising, is worth re-reading. Ignoring history leads to tragedy when hopes are built on illusions...
Never learned from history....poking the Polar bear some more
NO WORRIES MALAYSIA IS A PEACEFUL COUNTRY WELCOME UKRAINE AND RUSSIAN CITIZENS INCLUDING THE LADIES TO THE NUMBAWAN TRAVEL DESTINATION GENTING HIGHLANDS
Shameful West calling for Putin to be tried for war crimes! Yet Bush and Blair killed over million people attacking and destroying Iraq on false pretences and the world kept quite and the war criminals are freed. West has been poking Russia and China all the time and they have used Ukraine leadership to instigate trouble and to,pump wepons into Ukraine …west has no morality! Poor peole of Ukraine suffer trouble makers just watch and throw stones!
@Dream Makers, if you want to try and insult people's intelligence, dont call them bro.
If I am the banker holding LKT's pledged shares, there are 2 options when the loan in default:
1. Top up with more of his personal assets OR 2. I force sell immediately.
I don't have to depend on the whatever GHK Liquidator's decision on 1 March 2022. These are independent matters. Those shares are pledged to me, its my prerogative to deal with the loans in default.
I have attached the GHK restructuring document dated 28/06/2021
NEW MONEY FACILITIES OF c. USD 0.7 BILLION, COMPLETION OF RECAPITALISATION OF THE GROUP AND AMENDMENT AND EXTENSION OF THE GROUP'S MATERIAL FINANCIAL INDEBTEDNESS OF c. USD 2.6 BILLION (36KB)
Any clause in this GHK loan restructuring agreement indicating LKT pledging his GenB shares to secure the restructuring of old loans and further new loans?
<<As at March, he had pledged 550 million Genting Bhd shares, or 32% of his holdings, up from 70 million a year earlier, according to the company’s annual reports.
Lim’s fortune is now valued at about US$700 million (RM2.93 billion) excluding pledged shares, down from US$1.5 billion at the beginning of the year, according to the Bloomberg Billionaires Index.
“Certainly, the family vehicle, Kian Huat, would be able to find the means to top up the margin position if there is any margin call as the media reported … Bear in mind, the Genting group has been around for more than 50 years,” says a businessman who knows Kok Thay. He points out, however, that there is little knowledge of how the tycoon’s private investments have fared. Kok Thay has invested in a ski resort, called Genting Secret Garden, located about 250km from Beijing, China. The ski resort is also affected by the coronavirus outbreak.>>
Only when LKT's pledged shares are being forced sold in open market then you would have proved me wrong. For now, I have proved that you are spreading false allegations here.
As of March 2019, LKT had pledged 70m of his GenB shares. As of March 2020, pledged 550m of his GenB shares. LKT already started pledging his GenB shares even before covid and GHK restructuring. GHK debt restructuring was done only on 28/06/2021.
Is it possible that LKT start pledging his GenB shares since March 2019 for GHK loan restructuring? You are trying to put the cart before the horse. Dont just read some headline on news articles and make yor own delusional conclusions. The devil is always on the details. Do your own research first before you start making serious false allegations here.
trying to be neutral here, looking at things from logic and reasoning perspective, firstly MoneyMakers die die wanna link LKT pledge share to GenHK, AngTK has demonstrated with proof that the timing is entirely off, give birth before pregnant wtf. secondly why would anyone throw their own money into a listco? completely cannot brain this.
therefor MoneyMaker allegation is baseless and purely speculative, an extremely crazy speculation may be attempting to stir up FUD. its like saying LKT uses his own money to build the theme park. crazy to the max.
Hope so @Michael Chan…..recalled someone’s comments as below,
“If the country small but the ruler doesn’t accept humble status; its forces weak but never fears the strong ; the country knows no ritual propriety, insults strong neighbours; greedy and obstinate but unskilful in diplomacy; such country is bound for the downfall.” Han Fei 280 – 233 BC
Original quote in classical Chinese of 3rd century BC.” 《韓非》《亡徵第十五》:國小而不處卑,力少而不畏強,無禮而侮大鄰,貪愎而拙交者,可亡也. “
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....
emsvsi
3,519 posts
Posted by emsvsi > 2022-02-25 16:14 | Report Abuse
YES THE GOOD OL' DAYS ARE ALL COMING BACK TO ME NOW LET THE GOOD TIMES ROLLLLL