QUOTE(airtawarian @ Jan 28 2022, 09:56 AM)
Even normal ppl unsecured got limit and charge high interest. You Bodo really think genting hk is not related to genting? I have biz all different names But related. Go read who is the major shareholders. Lim smart fella dont want give personal guarantee. So buka different company If in piquidation other company Safe. In corporate world So many ways to escape liability🤭
listed company no need personal guarantee lah, i think u don't understand how bank works also. That is the benefit of listed company because bank can give u unsecured loan based on your company financial record.
This one is given back in year 2012, so how much bank untung? even loan impairment is part and parcel of their business, if u do business can confirm can collect all 100% from your debtors? sure got some people run away and not paying outstanding debt.
If u can buka multiple listed company with profitable financial track record, u think bank don't want to do your business? U keep focusing on this unsecured loan part, u didn't think about how many hundred millions deposit from Genting Group? How many secured loan from Genting Group? Before pandemic Genting cash and bank alone has few billions on hand, then when they issue bond, their IB also can untung commission from there. If RHB/CIMB/Maybank tak mau do Genting business, Genting can just go to UOB/DBS Singapore bank and borrow money from there, in the end Malaysia bank will lose all deposit and loan business.