Destiny_L GB slowly going up already, pricing in ahead of China reopening on 8. Buy on rumors, sell on news afterwards Only operator can run rally a week or all the way to CNY.
The Board wishes to announce that GENM’s indirect wholly-owned subsidiary, Genting ER II LLC, a Delaware company, had on 5 December 2022 (United States Eastern date/time) entered into a Share Purchase Agreement with Kien Huat Realty III Limited to purchase the entire 1,510 Series F Convertible Preferred Stock of Empire (“Series F”) for a total consideration of USD100 million (or RM438.5 million) (“Proposed Series F Acquisition”).
Posted by Michael_chan2022 > 1 hour ago | Report Abuse
The Board wishes to announce that GENM’s indirect wholly-owned subsidiary, Genting ER II LLC, a Delaware company, had on 5 December 2022 (United States Eastern date/time) entered into a Share Purchase Agreement with Kien Huat Realty III Limited to purchase the entire 1,510 Series F Convertible Preferred Stock of Empire (“Series F”) for a total consideration of USD100 million (or RM438.5 million) (“Proposed Series F Acquisition”). ----------------------------------------------------------------
Shareholders help someone get RICHER Why we work so hard to get someone richer Commoners helping BILLIONAIRE We use our MONEY to build a Trillionaire Make no sense Should help us instead. Share the profits with us. Probably HIGHEST-PAID CEO in Msia. While we get puny div & price appreciation Msia needs to have law to cap ceo pay !
Series F preferred stock’s maturity date is Dec 31, 2038, and it is convertible into common stock between end-2030 until its expiry.
Assuming full conversion of Series F, G and L preferred stock in 2030, Genting Malaysia said its effective shareholding in Empire Resorts will increase to 76.3%, from 49% currently.
Genting Malaysia said the latest round of investment was to capitalise on Empire resorts
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....
James_Bond
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Posted by James_Bond > 2023-01-05 12:06 | Report Abuse
Remember Genting has 6 turbocharged engines! Aji or KH only has 1-2 turbocharged engines. The odds flavoring Genting Berhad to fly high to the moon!
Aji flavoring is bad. I still feel the horrible thirst till now! My goodness!