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by end this month should have news on this new charge rate and debts. if still no news that would mean Uni Melaka is going to settle all the outstanding debts in June and may terminate the concession with compensation. alternatively they may come out with another debts settlement plan for the next 12-18 months just like back in 2024.
3 more weeks to settle the Uni Melaka debts and new charge rate as already gave 2 months extension. as per agreement back in 2024, if no agreement on the new charge rate, Uni Melaka would have to settle all the outstanding debts by end June.
it could offer the price and terms to delist in the AGM and ask for the voting among the shareholders. Alternatively, it could also apply to SC for new joint offer to delist GenM using exceptions circumstances.
after 6 months, Gent and its joint stakeholders can acquire GenM shares from the open market or direct transactions of more than the 2% limit. with this, easily it could breach the 75% threshold and trigger the leverage to initiate delisting procedures.
in 3 more weeks, the 6 months restriction would expire and Gent can make a new take over offer again. just wait and see what s the boss next action since he has been quiet after the fail takeover in Dec.
