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not sure how many more percent will be acquired from now until then though. but the money spent on buying the shares would have been spent. Yes, Genting's leverage will increase if it is bought using debt and remains in control of GenM if privatization fails.
there is, TN. The current corporate structure for Gent has yet to be optimized. The major geo - MY, SG, US & UK. Can you see where it could be possibly heading next? It maybe possible but takes time.
I dont have GenM shares on hands. As for Gent, yes, i exited at 3.40 and sold out everything after a year plus of investments for a mediocre gain; slightly higher than fd rates if you will.
Thanks, TN. One of the lowest return of investment for me :( I don’t have nerves of steel to hold it any longer, especially after experiencing the Empire Resorts RPT decision, and now with the potential GENM privatization.
Unlikely to privatise Gent as GenS will be in net debt before 2030. US assets are not doing well and Gent is in net debt too. One of the probable move after GenM privatization will be listing Genting US ops in US as shared yesterday. That may take a year or two after GenM privatization and will provide some of the funding needed; a bil or two is possible with US listing due to higher premiums :)
