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Lim Ka Keat Daniel
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Joined May 2021
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Lim Ka Keat Daniel replied to comment on GENTING.
2 days
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Cheng, heard that Taurx has completed all the Q&A from CHM and MHRA, no more questions from them. Finger crossed approval coming soon.
Cheng, some reports said North Strip is the favourite for the new NBA arena
Rest assured that there is zero problems for GenM to raise fresh capital for RWNYC expansion. Just for your information, GenM just gotten $500M refinancing facility with Miami Omni centre.
Furthermore, Genting now owns almost 74% of GenM. Who do you think desperate for the dividend more? Minority or Genting? :D
If Genting Berhad can withstand no dividend, I believe it's ok for minority too :D
Therefore it’s important to let more people know that Genting needs the money(dividend) from GenM to continue their operation. LKT can do whatever stunt he likes to GenM, but end of the day, GenM still got to pay good dividends to Genting. When dividends are good, share price will automatically goes up.
SBB also cannot buy too much, or else public floats <25% and trigger suspension and rectification.
I don’t think minorities are stupid to accept anything lesser than first offer. After all, Genting needs dividends from GenM to sustain their operations and dividends payout. Minorities just need to hold on to their shares to enjoy the high dividend yield.
It will be a huge huge boost to RWLV if NBA arena is built in their compound.
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