stumbled upon Genting Rights Issue exercise.
this have huge implications for singapore. and me! for my investment.
generally when companies issue rights share that means
they are in debt, need capital etc...
of coz everyone know Genting and Sands building casino
huge investment and definitely they have huge loans.
thus the rights share exercise.
this person's side of story.
Hang Lung Properties’ Chan Says Singapore’s Casinos Will ‘Flop’
2009-09-10 05:20:36.882 GMT
Sept. 10 (Bloomberg) — Ronnie Chan, chairman of Hang Lung
Properties Ltd., Hong Kong’s fifth-biggest developer by market
value, said the two casino-resorts in Singapore will fail
because they won’t be able to attract high-rollers.
Las Vegas Sands Corp., the casino company controlled by
billionaire Sheldon Adelson, and Genting Singapore Plc, a unit
of Asia’s biggest listed gambling operator, are building
Singapore’s first two casinos.
“The big rollers are what make money in casinos, they will
never come to Singapore, it’s a family entertainment” location.
“You think big-rollers will go to Singapore where they
have teeth and fangs coming out sideways? There are too many
rules. I was in Sentosa island, I really think that it’s going
to be a flop.
“The whole integrated entertainment industry, I’m worried
for them. The good thing about Singapore is that if you flop,
you’re given a second chance.”
i will take only 2 cents from this article though.
subjective article!. must look at objectivity!. :)
i put my trust in Suntec! go go go!
