
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
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.

'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.
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.
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.
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Genting HK - worth US$0.60 02 Mar 2013 

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