Just a curious quest.. GenM has any direct share position in GenS?

Hmmm Singapore casino requires their local people to pay SGD100 just to enter right?

Is this a good thing? You do know that wall street CEOs are coming under fire due to extremely extravaganza high pay and yet underperform

What are the chances of the deal NOT going thru?
I may be wrong but I understand that LKT may not vote on this matter since there is a conflict of interest, so its up to the minority shareholder...right?

But this is clearly a "related party transaction" so the the controlling shareholders cannot vote, right???

AFAIK there is no such rule. As a company with good corporate governance the controlling shareholder would normally abstain from voting

I think it is either a Co Act or SC rule or Bursa req,  on RPT.

RPT  parties cannot vote.

Very popular many years back, or could be amended ?

Usually they have enough proxies to vote them through one.

sigh.... u guys really need to read more about the company to come to any sort of conclusion... you guys jus skim across the surface of the news and think you know so much about the company that u'd think every TDH can actually run a monopoly company. 
to bro snowball. whn i say TAXES.. i am not jus only talking about company taxes.. i am talking about gaming duties.. i guess you hv little insights to the amount the win amount is taxed at.. its a whopping 50%!!!!
so yes, pls go look at the HRMC and Gambling commission UK to find out more about TAXES on gaming companies.

just because UK has been seen as a loss making company doesnt mean it CANNOT TURN around?

do you guys even know why the business a flop in the first place??? why does everyone come to conclusion so quickly?

UK has faced strict regulations and economic down turn in the last recent years to name a few- smoking ban, higher gaming duties, the economic crisis (and mind u, u cant compare macau with UK, asian gamblers take risks during bad times, and the westerners take shelter in equal times)

i dont think its fair to say the management in Genting are sitting back and shaking their legs just because thy run a monopoly industry. UNless you have worked with them or know thm personally. OR you ran an equal size company with similar characteristics.

like we all say, "its always easy to talk the talk, but lets see you walk the walk. "

why wouldn't GENM buy over GENSP as well ? If they could acquire GENUK. They rather inject fund into Genting Group by buying building from it, now they found way to transfer fund to GENSP.

i understand where u are coming from. but i guess there must be a reason for all of these to happen as well. IF its a loss making company... wouldnt thy hv offered it out to some other 3rd party to buy it and most probably get a better offer? once and for all get rid of the bad business?

this news from singapore..... they escape we suffer... not fair lah
DJ MARKET TALK: Genting Singapore +1.7%; Fortunate UK Exit -Citi
Dow Jones Newswires | 02 Jul 2010 9:50am



0150 GMT [Dow Jones] Genting Singapore (G13.SG) +1.7% at S$1.20 as proposed GBP340 million (S$688.8 million) sale of money-losing U.K. operations to sister company Genting Malaysia (4715.KU) fuels hopes for stronger earnings profile. While Genting Singapore will book FX translation loss of S$338 million this year, bottom-line excluding exceptional item expected to improve. "Considering that the U.K. gaming operating business remains very tough, we view this exit as an escape for Genting Singapore and we view it as fortunate in that there was a buyer in the market," says Citigroup; "it means Genting U.K. will no longer drag on the performance of Resorts World Sentosa." Still, keeps Sell call, S$0.65 target on valuation grounds. Orderbook quotes suggest minimal upside beyond S$1.23. (frankie.ho@dowjones.com)

Hi
I can see GenM minority interest is totally disregard in this case.

However I don't understand how the 'Listed Group' will benefit? GenS gained & GenM suffered. Investor in S'porean stock gained & M'sian stock suffered. Why the 'Controlling person or group' do this?

Or is it all just for someone or small group's benefit?

---

Added on July 4, 2010, 12:41 pm

Studying GENM pass few year financial report, Cash were increased drastically but same goes to debt, so most of the Cash are actually coming from loan. But most of the debts are long term.
And alot of money has been used in investing (to the theme park i guess) so Free Cash Flow are very negative in the pass few years.
Any add-on on positive side?

Man, genting share up and down so randomly.

I just bought 10 units  at price 3.17.. how much possibly  will increase  u till 3.5 ?? End of next month?