Home
Login Register
Genting HK USD   

GHK going to shoot up soon.

 Post Reply 1-20 of 37
 
Eddyson
    03-Oct-2013 19:25  
Contact    Quote!

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

 
 
Jadis8
    18-Sep-2013 10:02  
Contact    Quote!
Any update thanks !
 
 
Eddyson
    09-Sep-2013 20:41  
Contact    Quote!


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.
 

 
slslslsl
    05-Sep-2013 21:21  
Contact    Quote!
This counter cracked last few days. Any reasons?
 
 
Flyordie
    25-Jun-2013 10:49  
Contact    Quote!
Smiley
 
 
dingbat
    10-May-2013 08:38  
Contact    Quote!


'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.
 

 
bryangoh
    29-Apr-2013 21:29  
Contact    Quote!
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.
 
 
k2kingkong
    24-Apr-2013 09:23  
Contact    Quote!


HONG KONG, April 23 | Tue Apr 23, 2013 2:37pm IST


(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.
 
 
k2kingkong
    23-Apr-2013 14:00  
Contact    Quote!

Genting HK - worth US$0.60 13 Feb 2013 

Macquarie Securities says the stock is worth US$0.60 based on the sum-of-part method.  The recently listed NCL has a market cap of UUS$5.6 bln.   Genting HK's 44% stake is worth US$2.5 bln.  GentingHK's market cap is US$3.3 bln, hence the valuation of the remaining business - Star Cruise and Resorts World Manila casino are only US$800m, much below book value.




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
 
 
k2kingkong
    23-Apr-2013 13:19  
Contact    Quote!
how can we buy in SGX and sell in HSE ?
 

 
k2kingkong
    23-Apr-2013 12:57  
Contact    Quote!
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.
 
 
k2kingkong
    23-Apr-2013 12:27  
Contact    Quote!
can some sifu share your insights into this counter ?  why is the one lotter always selling down  ?   thanks.
 
 
Octavia
    23-Apr-2013 10:01  
Contact    Quote!
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.
 
 
bishan22
    23-Apr-2013 06:28  
Contact    Quote!
Hope today may see upward continuation , many are dripping with saliva. Hahaha.  Smiley
 
 
tthsteve
    22-Apr-2013 16:47  
Contact    Quote!
back into action today.  plan to sell @ 0.50
 

 
bryangoh
    27-Mar-2013 20:14  
Contact    Quote!


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.
 
 
JJSeng
    26-Mar-2013 13:39  
Contact    Quote!
Normally after result, this  fellow will go on sleeping mode....

slslslsl      ( Date: 26-Mar-2013 12:39) Posted:

Huge selling now. What happened? Results at Mar 21 was not too bad.

 
 
slslslsl
    26-Mar-2013 12:39  
Contact    Quote!
Huge selling now. What happened? Results at Mar 21 was not too bad.
 
 
bryangoh
    22-Mar-2013 18:35  
Contact    Quote!
As expected bloody miser, no dividend declared.
 
 
Eddyson
    20-Mar-2013 21:23  
Contact    Quote!


This company holding NCL 44%, one share of NCL is USD$28.

Why Genting HK is trading at USD$0.45 ?????????

Anyone can enlighten????
 
Important: Please read our Terms and Conditions and Privacy Policy .