Latest Forum Topics / Genting HK USD | Post Reply |
GHK going to shoot up soon.
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Eddyson
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03-Oct-2013 19:25
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This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance (Cap. 571) of the Laws of Hong Kong and Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ?Listing Rules?). As announced on 9 May 2013, Genting Hong Kong Limited (the ?Company?) was informed by Travellers International Hotel Group, Inc. (?Travellers?) that, on 9 May 2013, Travellers filed a preliminary draft prospectus with The Philippine Stock Exchange, Inc. (?PSE?) for a proposed initial public offering of the common shares of Travellers. The Company has now been informed by Travellers that, on 1 October 2013, PSE announced that the Board of Directors of PSE approved the application by Travellers for the initial listing, under the Main Board of PSE, of up to 25,000,000,000 common shares of Travellers, with a par value of 0.10 Philippine Peso (?PHP?) per common share, comprising: a. 14,159,000,000 common shares, representing the total number of issued and outstanding common shares of Travellers prior to the initial public offering of Travellers? shares and b. 10,841,000,000 common shares, representing the total number of treasury shares of Travellers prior to the initial public offering of Travellers? shares. 2 The initial public offering of the common shares of Travellers shall consist of the following, each of which shall be satisfied by Travellers out of treasury shares: a. an offer of up to 1,573,222,300 common shares, representing the total number of Travellers? common shares to be offered to the public on a primary basis (the ?Primary Offer?) and b. an over-allotment option to be granted by Travellers in respect of up to 235,983,300 common shares in Travellers (the ?Over-allotment Option?, and, together with the Primary Offer the ?Proposed Offering?). The approval is subject to Travellers? compliance with the conditions and post-approval requirements of the PSE. According to the announcement by the PSE, the offer price per common share under the Proposed Offering shall be an amount up to PHP23.38 (approximately USD0.54, for the purpose of illustration only, converted at the exchange rate of 1 USD = PHP43.32) per common share, to be determined through a book-building process and discussions between Travellers and the international bookrunners and the domestic lead underwriters. As of the date hereof, the Company has a fifty per cent (50%) effective interest in Travellers. Based upon the information contained in the announcement by the PSE, assuming an initial public offering of 1,573,222,300 common shares (being the maximum number of common shares to be offered under the Primary Offer) the Company?s effective interest in Travellers is expected to be diluted to 45 per cent (assuming no exercise of the Over-allotment Option) or 44.3 per cent (assuming full exercise of the Over-allotment Option). The announcement by the PSE further notes that each of the existing shareholders in Travellers holding at least 10% of the outstanding shares of Travellers prior to the Proposed Offering will, in accordance with the PSE rules, be subject to a lock-up of 180 days after listing. All existing shareholders of Travellers prior to the Proposed Offering and Travellers itself will also be subject to a contractual 180-day lock up after listing in favour of the international bookrunners and, in the case of the existing shareholders lock up only, the domestic lead underwriters. The tentative date for Travellers? common shares to list and commence trading on the PSE is 5 November 2013. Travellers is a limited liability company incorporated in the Republic of the Philippines. The board of directors of the Company (the ?Board?) wishes to highlight to shareholders of the Company (the ?Shareholders?) that there is no assurance that the Proposed Offering or the initial listing of common shares of Travellers on the Main Board of PSE will be completed or that the terms specified herein will not change. Shareholders and other investors are reminded to exercise caution when dealing in the securities of the Company. In the event that Shareholders and other investors are in doubt when dealing in the securities of the Company, they should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers. 3 The Company will make further announcement(s) when Travellers informs the Company of further information regarding the Proposed Offering as may be required by the Listing Rules and Part XIVA of the Securities and Futures Ordinance (Cap. 571) of the laws of Hong Kong. By Order of the Board Tan Sri Lim Kok Thay Cha |
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Jadis8
Member |
18-Sep-2013 10:02
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Any update thanks ! | |||
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Eddyson
Senior |
09-Sep-2013 20:41
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Pulling back the cataput to shoot higher, just saw in Bloomberg news the SJM going to acquire a plot of land in Macao, just remember that Genting HK owns a plot of land sold by Stanley Ho when GHK was at that time still call Star criuse. Maybe Manila's Travellers IPO coming, or another secondary price offer by NCL or Who knows maybe NCL privatised. I estimated GHK USD$3b inside pocket if NCL liquidified. |
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slslslsl
Member |
05-Sep-2013 21:21
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This counter cracked last few days. Any reasons? | |||
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Flyordie
Veteran |
25-Jun-2013 10:49
Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!" |
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dingbat
Senior |
10-May-2013 08:38
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'Travellers International Hotel Group, as the Genting and Alliance venture is called, plans to go public early in the third quarter, added IFR, a Thomson Reuters publication.' Does this mean it'll rocket on the third qtr... Looks likely to  inch past  0.52 but by how much is the real qn. Greenback freefalling is another  cause for  concern. |
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bryangoh
Member |
29-Apr-2013 21:29
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Hope not the same old story yearly, optimism by analysts that it would raised to 0.60 cents but when reaching 0.50 to 0.52 we see the price dropped. |
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k2kingkong
Member |
24-Apr-2013 09:23
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HONG KONG, April 23 | (Reuters) - A joint venture between casino operator Genting Hong Kong Ltd and Philippine conglomerate Alliance Global Group Inc hired five banks for an up to $500 million initial public offering in Manila, IFR reported on Tuesday, citing sources with direct knowledge of the deal. Travellers International Hotel Group, as the Genting and Alliance venture is called, plans to go public early in the third quarter, added IFR, a Thomson Reuters publication. Alliance said on Tuesday in a securities filing that Travellers International is exploring different ways to finance its projects, including debt and equity, without disclosing details of its plans. Bank of America Merrill Lynch, CIMB, Maybank, Religare Capital Markets and UBS were hired to handle the offering. |
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k2kingkong
Member |
23-Apr-2013 14:00
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Genting HK - worth US$0.60 02 Mar 2013 
The Edge last week reported Genting HK may dispose their JV Manila
casino operation or divest it (method not known yet) to build a bigger
casino so this attracted some interest but many sellers at 46 US cents
last Friday but at least still went up on a down day. Looks like
something may happen given the interest shown lately
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k2kingkong
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23-Apr-2013 13:19
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how can we buy in SGX and sell in HSE ? | |||
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k2kingkong
Member |
23-Apr-2013 12:57
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according to Reuters, today it trading between HK$3.60 and HK$3.67 in HongKong.  In SGX, it should be trading between S$0.57 and S$0.59. | |||
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k2kingkong
Member |
23-Apr-2013 12:27
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can some sifu share your insights into this counter ?  why is the one lotter always selling down  ?   thanks. | |||
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Octavia
Elite |
23-Apr-2013 10:01
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According to Dow Jones today, Malaysia'sGenting Bhd. (3182.KU) and its Philippine partner are planning to list their Manila casino via an IPO that could raise more than $500m to fund further forays in the Philippine gambling market, people with knowledge of the deal said Monday. Genting HK and its partner Alliance Global Group operate the Resorts World Manila casino in the Philippine capital through a 50:50 joint venture, Travellers International Hotel Group Inc. The IPO could be launched in the third qtr. Proceeds from the listing would likely be funneled into other projects in Manila, according to a person familiar with Genting's thinking. Travellers International is currently developing the Resorts World Bayshore, a $1.1b casino resort in Manila's Entertainment City due to open in 2016. Genting Hong Kong declined to comment. An Alliance Global spokesman didn't immediately respond to a request for comment. Resorts World Manila, which opened in August 2009, counts three hotels, a shopping mall, cinemas and a performing arts theater among its assets. | |||
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bishan22
Elite |
23-Apr-2013 06:28
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Hope today may see upward continuation , many are dripping with saliva. Hahaha.  | |||
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tthsteve
Member |
22-Apr-2013 16:47
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back into action today.  plan to sell @ 0.50 | |||
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bryangoh
Member |
27-Mar-2013 20:14
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Bought at 0.46 two years ago, every time result out dropped back, this time sold at 0.44 at a loss including exchange rate. Not worth buying this stock, will regret not only no dividend also have to worry the exchange rate. If what the experts predicted were correct the exchange rate might drop to 1.2 and below by year end. |
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JJSeng
Senior |
26-Mar-2013 13:39
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Normally after result, this  fellow will go on sleeping mode....
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slslslsl
Member |
26-Mar-2013 12:39
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Huge selling now. What happened? Results at Mar 21 was not too bad. | |||
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bryangoh
Member |
22-Mar-2013 18:35
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As expected bloody miser, no dividend declared. | |||
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Eddyson
Senior |
20-Mar-2013 21:23
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This company holding NCL 44%, one share of NCL is USD$28. Why Genting HK is trading at USD$0.45 ????????? Anyone can enlighten???? |
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