Last:0.725    -0.005

GenSp starts to move up again

Good luck

5. RATIONALE AND BENEFITS FOR THE PROPOSED DIVESTMENT

5.1 The rationale and benefits to the Company of the Proposed Divestment are as follows:

5.1.1

unprecedented in terms of scale of development and its diverse world class tourism

destination product offerings of, amongst others, a world class casino, hotels,

restaurants, retail, theatre, a convention centre, oceanarium and theme park all within

a single captive destination, exacts a complex management focus and is very distinct

from that of the casino operations in the United Kingdom which comprises 44 casinocentric

properties spread throughout England and Scotland. There are “narrow”

synergies between RWS and the casino operations in the United Kingdom, and the

Board is of the view that in the medium term, given the magnitude of the continuing

task ahead for RWS, management energy and focus would be better spent on RWS.

Even though RWS delivered commendable results in the first quarter of 2010, it is felt

that the Proposed Divestment will result in further benefits as management will be

able to concentrate on the continuing development of RWS to maximise revenue

potential.“Narrow” Synergies. Resorts World Sentosa Integrated Resort (“RWS”), which is

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external bank borrowings in April/May 2010, taxation and increase in share capital up to 30 June 2010.This represents the unaudited consolidated balance sheet of the Sale Group as at 31 March 2010, adjusted for repayment of

6

5.1.2

Board, together with the management, believes that the Company should focus on

large scale integrated resorts or large casino concepts. Such focus allows the

Company to capitalize on its experience, expertise, skills, licensure and reputation

that in “green field” projects will most certainly present a more compelling proposition

for entry into certain strategic gaming jurisdictions. The financial resources arising

from the Proposed Divestment will provide the Company with the financial flexibility to

maintain its strength and strategically engage new opportunities or enter new markets

where appropriate.Company Strength and Focus. With the successful development of RWS, the

5.1.3

mover advantage and will need to continue to be highly competitive, not only in

Singapore but also within the region. The monetisation of the casino operations in the

United Kingdom will provide even greater financial stability for RWS to operate in a

competitive environment, both in terms of customer acquisition, marketing and brand

development. The establishment of RWS’ market leadership position is encouraging

and this requires resource strength.Staying Competitive. As the first integrated resort in Singapore, RWS has first

Are you happy or not??? 

 Really can't tell from reading your post... you should be good in poker...

S$1.200

BYE

BYE BYE

BYE BYE BYE

I brOught Up the Genting UK Divestment issue at the 1st AGM 2010.

COO prOmised the flOOr (shareholders in attendance) that MANAGEMENT was dOing  sOmething  abOut  it.

Bon3260      ( Date: 01-Jul-2010 18:55) Posted: MISCELLANEOUS * Asterisks denote mandatory information   "DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."   Name of Announcer * GENTING SINGAPORE PLC   Company Registration No. 003846V   Announcement submitted on behalf of GENTING SINGAPORE PLC   Announcement is submitted with respect to * GENTING SINGAPORE PLC   Announcement is submitted by * Christine Tan   Designation * Assistant Secretary   Date & Time of Broadcast 01-Jul-2010 18:29:13   Announcement No. 00137       >> ANNOUNCEMENT DETAILS The details of the announcement start here ...   Announcement Title * PROPOSED DIVESTMENT OF THE UNITED KINGDOM CASINO OPERATIONS     Description Please refer to the attached announcement.     Attachments   GENS_Announcement_010710.PDF Total size = 209K (2048K size limit recommended)

It is very hard to do so...

this is a merger & acquisition type, sometimes, no-one leak the info. But people who saw it, like someone in UK units, saw Genting boss there with another big boss... 

People will start to speculate, is it selling our units....

like that.... very hard to charge unless the one who bought is proven already knew the inside news.

My tot oni, somebody know the news have been pushing

up the share prices. That's why when the mkt is down, this

counter share price is resilient Perhaps SGX and SIAS can

check into this case.

Did you knew that, Genting SP selling its UK business, in news today...

I only can say alamak, because i didn't hold this stock...  sigh.... who is with me?

It was WANT (BUYiNG) & DON'T WANT (SELLiNG)  TRAP.

SCHEMERS actually WANT tO BUY  HUGE LOTS at lOw PRiCES  bUt  nOt  pOssible  already.

SCHEMERS  SELL FiRST tO creat FEARS iN the MARKET

FEARS  Like  FEARERS  tO  SELL  at  lOwer PRiCES

SCHEMERS  HAPPiLY  cOllect  HUGE  LOTS at lOw PRiCES.

jUst  LiKE  The  ViRGiN:  DON'T WANT  &  WANT