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A better question to ask - what is the real intention of spending 6bil+ to privatize GenM with major chunk of the 6bil coming from debt financing. It's ironic when reasons given for not issuing dividend were due to capex for growth and pare down debt. Conflicting :) the next thing may well be - let's spend another 8bil to privatize Genting Berhad. Lol, no pun intended.
That is impossible, Francis. By doing so, he may lose his controlling stake in the company and ended up losing everything. One of the reason owners uses debt financing is to avoid losing control of the company. Equity financing dilute ownership and new shareholders may give headache to owners :)
And top30 shareholdings based on last AR is approx 53% if not mistaken. Many of the funds/insti pared down their positions over the years. Gave up hope probably.
Gonna be tough, Vin. Entering it can be driven by themes / event, but sustaining it will be tough - to continue generate above avg performance / creating value.
