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boss kept buying from open market. another two weeks b4 the deadline for uni melaka settlement. this is the outstanding debts thay caused Bintai to fall into PN17 status.
for 3 months plus, the boss was silent and did nothing although he can easily acquired the remaining 1.7% from the market. possible it s time to make his next move?
wait for end of March to see if there s any settlement on the Uni Melaka debts and new charge rate. hold on for now due to volatility beyond Bintai control.
I can imagine how the boss may look forward to delist Gent for RM7-8 billion for the remaining 50% outstanding shares and next list Getting America for USD10 bil for a 51% share offered. easily pocket back RM40 bil for himself and family by just spending rm8 billions here. not to forget he still own 49% of Genting America via his 100% Genting group ownership.
by that time both GenM n Gent would be delisted.
what are u looking forward in Gent share price in the next 5 months from the current low? opening of NY casino in June? or world cup positive vibes in June/July?
when June comes, if both the news of NY casino opening with 100-200 tables and taurx drug approval still can't increase the price of this Genting share, then we'll know how rot genting is and probably would be delisted for listing in NYSE.
if other competitors want to take a cut of Genting, this is the best time to acquire and buy up Genting shares and get a BOD seat. never know what Genting would attract at such low valuation