and then i can choose to refuse again, i see how they can get my share, thats all, i bet they cant reach 90% and force me to sell my share, worst case i kept it and pass to my son in future, so what? if they can reach 90% and force me sell, ok they win, but i bet they cant as long as got other minor shareholder like me still holding and no sell

another option is Gent acquired more than 80% and no longer fulfill bursa requirements of at least 25% public spread. GenM can just be delisted by Bursa when GenM informed Bursa of not intended to rectify the public spread requirements. the share would be suspended and eventually delisted. you still hold the share but it would be troublesome for you to trade or to even know what is happening in the company without publicly available financial and annual reports and there s nothing you could do.

Genting Berhad already launched a takeover bid to privatize its subsidiary, GenM offering RM2.35 per cash share recently. They will no longer breach the listing requirements of < 25% shareholdings spread and trigger Bursa delisting, as and when it happens going forward. Minority shareholders would not want to hold on to unlisted shares thereafter.

i am buy in high price and planning to wait for delisted and become sdn bhd shareholder, see what will happen next, after delisted, big shark also cant manipulate the price to scare out the retailer, if big shark want to buy my share, have to 1 by 1 send letter to retailer to ask for sell with reasonable price, if not reasonable, retailer can reject, i am curious tat time how big shark can collect more share from retailer without manipulate share price to scare them out, i take my own risk

after delist, big shark will be very hard to collect more share to reach 90%, cause no more panic sell from retailer, if he dont want to pay dividend in future to me, mean he also cannot pay dividend to his own 75%-80% share, then genting share will dump caused spend so much to privatised but no any return, so in other word, gent get dividend, i will also stil get dividend

Once the company is delisted, the controlling shareholders will have greater control, with less regulatory scrutiny and fewer compliance requirements. They could use the company's funds for their own interests. As a minority shareholder, you will have very little influence over their decisions. Who will protect your interests then?

so before delisted, u think retailer has influence in the decision making? the situation before and after is same, sure got regulation to protect me, let say dividend, if they want to give themselve dividend, they also need to force to give me, the is the law

u will say, how about they dun give out dividend, in this case, then gent share also will not get any dividend, gent lent so much money to privatise, at the end no any return, in order dun wan give dividend to 20% sturborn shareholder which they hard to collect their share after delist, they dun pay dividend for themself (80%), do u think they will allow this to happened?

Johnny you seem stressed Uncle understand your frustrations you must understand there are many ways to channel money out even more so when a company has been delisted.

As always if you follow the Legendary Uncle Wong you too can invest with peace of mind growing your portfolio when all else burns and avoiding all the pitfalls and catastrophic losses (just see Uncle's legendary posts and warnings) it is free forever Uncle promise

To some extent, it’s very true of what Johnny has said. If they really siphon out the money, GB also will not get any profit /dividend from GenM. Genting shareholders will be mad too getting nothing after spending billion of dollars buying 75%.

@jocus facbind停牌又如何？吓到你啦？可吓不到我呢，就算停牌又如何？我还是持有股票噢，反正我又不急着需要钱，放多几年我都无所谓，uncle lim就不同咯，借了那么多钱来搞收购，我还是那句，我会一直持有，直到有合理的收购价，不然我都有权利不卖，然后等dividend,我是和GENT股东坐同一条船的噢，他们有分到，我就有，他们没分到，我就没有，GENT 5年不派息，大家就5年没钱拿，就那么简单，你说到facbind,小股东剩下8%，大股东都还不能强制收购他们呢，你以为强制收购那么简单吗？大股东也做不到他们什么

@jocus 在这样的情况，我没想着赚钱，我只是想着从庄家的口中保本和保护我的资产罢了，我相信很多被套的人都是这个想法，如果你把你的票当成一个每天有人进去消费的赌场资产，而不是一个1.20的数字，其实就不会被庄家吓到，庄家可以通过控制这个数字来吓你，可是他改变不到这个资产的价值，只要你不跟着他起舞，他就做不到你什么，何必把自己看到那么卑微，庄家捏着你的颈，其实你也是捏着他的颈，他是借钱来收购的，现在gent借钱借到要供股呢，你说谁会更伤？你可以被吓到，很多人不敢跟资本家对抗，我敢，也会接受最后不管是好是坏的结果，我相信很多被套的人跟我一样想法，上次收购失败就是最好的答案

@Jocus don't jump the gun and read my comment again carefully. it isn't about the 90% but what could gent boss do if they only secured 75-80% of shares. to delist not necessarily must be 90% which is official approach. there could be other approaches too

that you got to ask Uncle Lim on why he wanna spend billions to privatize GenM even when Genting has low cash flow. only he knows the real reason. you and me only can best guess what he s trying to do. my best guess is he is consolidating GenM for its US IPO as Genting America

Basically GenT and GenM in this predicament because of very poor management . Especially LKT. Failed miserably but still holding to CEO post. One of the worst decision he made is to privatised GenM which cause GenT in very serious debt. Drag down GenM counter as well

Just mopped up to own > 75% (ie. < 2%) + SBB. Following the close of the offer in December 2025, Malaysian takeover regulations blocked Genting Bhd from aggressively vacuuming up shares on the open market if it would trigger a mandatory offer. Under listing rules, they were legally restricted from buying more than 2% within a 12-month window following a lapsed offer although they already owned 73.8%.

A fresh and aggressive privatization push is not expected immediately (12-month rule), as future attempt would likely hinge on the commercial turnaround and massive USD$5.5 billion funding requirements for Resorts World New York City. LKT & Genting just committed to Genting rights issue and cannot possibly borrow more $ to fund the privatisation push (another 25%) now unless exchange with Genting shares !