GL Limited (formerly: Guoco Leisure)

http://sdinotice.hkex.com.hk/di/NSNotice...IN&lang=EN&

(20-06-2012, 11:04 AM)freedom Wrote: http://sdinotice.hkex.com.hk/di/NSNotice...IN&lang=EN&

Thx!

But looks like the Spanish bank had also increased their stake from 16.03% since AR2011.

I don't know whether Caixa Bank is strong or not, but generally Spanish banks are weak.

if QLC offers a good price, it is possible Caixa Bank will give in, especially if it got trouble for its own finance in Spain.

WOW, CAIXA BANK IS A STEAL. TRADING AT 50% below book value! But owns a stake in a bank that is trading at 1.17 book value!

http://www.bloomberg.com/quote/CABK:SM

Hong Leong's Tan Sri Quek Leng Chan is famed for buying low and then selling for a tidy profit, a skill he has mastered over the years.

Investors may recall that in 2001, he pocketed RM11 bil (S$4.5 billion) - the highest price ever paid for an Asian bank - when he sold his controlling stake in Dao Heng Bank of Hong Kong to Singapore's DBS Bank.


Tan Sri Quek Leng Chan’s most
outstanding feature is his lips.
It certainly looks like the elusive Quek is coasting on second wind at the age of 71: Hong Leong recently acquired EON Capital Bhd for RM5.06bil, a move that makes it the fourth largest bank in Malaysia.

What is in his face that tells us this "master dealmaker" still has the appetite and drive for acquisitions and opportunities?

His triangle-shaped eyes burn with Sha-qi a fire that reveals "ambitions that need to be achieved". Such eyes reflect a person whose mind is alert. He is hardly naïve and is unlikely to be swindled in the game of business.

Quek's most outstanding feature is the corners of his lips. This area, known as the Jin Lu (meaning Gold Point), represents the ability to persuade or influence others, be it with words or sheer physical presence.

Quek's Jin Lu is well-defined and long, a strong sign that we are looking at a man who is adept at making deals.

On top of that, his lips are flagged. A flagged mouth is one where the middle indentation on the upper lip forms the letter 'M'. This denotes that Quek is very skilful in negotiation and has the gift of persuasion. What he says has a big impact on others.

>>> I think he may be into repeating something similar again.

(20-06-2012, 01:04 PM)paullow Wrote: Hong Leong's Tan Sri Quek Leng Chan is famed for buying low and then selling for a tidy profit, a skill he has mastered over the years.

Investors may recall that in 2001, he pocketed RM11 bil (S$4.5 billion) - the highest price ever paid for an Asian bank - when he sold his controlling stake in Dao Heng Bank of Hong Kong to Singapore's DBS Bank.


Tan Sri Quek Leng Chan’s most
outstanding feature is his lips.
It certainly looks like the elusive Quek is coasting on second wind at the age of 71: Hong Leong recently acquired EON Capital Bhd for RM5.06bil, a move that makes it the fourth largest bank in Malaysia.

What is in his face that tells us this "master dealmaker" still has the appetite and drive for acquisitions and opportunities?

His triangle-shaped eyes burn with Sha-qi a fire that reveals "ambitions that need to be achieved". Such eyes reflect a person whose mind is alert. He is hardly naïve and is unlikely to be swindled in the game of business.

Quek's most outstanding feature is the corners of his lips. This area, known as the Jin Lu (meaning Gold Point), represents the ability to persuade or influence others, be it with words or sheer physical presence.

Quek's Jin Lu is well-defined and long, a strong sign that we are looking at a man who is adept at making deals.

On top of that, his lips are flagged. A flagged mouth is one where the middle indentation on the upper lip forms the letter 'M'. This denotes that Quek is very skilful in negotiation and has the gift of persuasion. What he says has a big impact on others.

>>> I think he may be into repeating something similar again.

So why did he offer to privatise Guocoleisure in 2007 for $1.20?

(20-06-2012, 02:07 PM)propertyinvestor Wrote:

(20-06-2012, 01:04 PM)paullow Wrote: Hong Leong's Tan Sri Quek Leng Chan is famed for buying low and then selling for a tidy profit, a skill he has mastered over the years.

Investors may recall that in 2001, he pocketed RM11 bil (S$4.5 billion) - the highest price ever paid for an Asian bank - when he sold his controlling stake in Dao Heng Bank of Hong Kong to Singapore's DBS Bank.


Tan Sri Quek Leng Chan’s most
outstanding feature is his lips.
It certainly looks like the elusive Quek is coasting on second wind at the age of 71: Hong Leong recently acquired EON Capital Bhd for RM5.06bil, a move that makes it the fourth largest bank in Malaysia.

What is in his face that tells us this "master dealmaker" still has the appetite and drive for acquisitions and opportunities?

His triangle-shaped eyes burn with Sha-qi a fire that reveals "ambitions that need to be achieved". Such eyes reflect a person whose mind is alert. He is hardly naïve and is unlikely to be swindled in the game of business.

Quek's most outstanding feature is the corners of his lips. This area, known as the Jin Lu (meaning Gold Point), represents the ability to persuade or influence others, be it with words or sheer physical presence.

Quek's Jin Lu is well-defined and long, a strong sign that we are looking at a man who is adept at making deals.

On top of that, his lips are flagged. A flagged mouth is one where the middle indentation on the upper lip forms the letter 'M'. This denotes that Quek is very skilful in negotiation and has the gift of persuasion. What he says has a big impact on others.

>>> I think he may be into repeating something similar again.

So why did he offer to privatise Guocoleisure in 2007 for $1.20?

If i could place myself in QLC shoes, to have net worth of 3B, GL is already under his control. And to use some spare cash(if he do not have any pressing other projects to consider then) to makan out GL, I think it is really not a big deal whether or not GL is privatised. So with QLC's wealth, i believe he can do it anytime if he so wishes.

IF QLC wants to take private , one reason is the mark-to-market value of the hotels which is more than double of what it is stated in BS, as confrimed by him in last AGM. Another reason is BassStraits Oil royalty is a cash cow for the next 28 years as GL just signed for another 30 years in year 2010.
QLC can strip the assets and sell them partially or individually to realize full potential value.

(20-06-2012, 04:17 PM)Stocker Wrote: IF QLC wants to take private , one reason is the mark-to-market value of the hotels which is more than double of what it is stated in BS, as confrimed by him in last AGM. Another reason is BassStraits Oil royalty is a cash cow for the next 28 years as GL just signed for another 30 years in year 2010.
QLC can strip the assets and sell them partially or individually to realize full potential value.

That is wishful thinking actually. See the lousy share price performance.

maybe the hotels in London are worth a lot more, unless someone is going to offer QLC a price he can't decline, otherwise, unlikely he will sell its hotels in London. Even if someone paid a dear price for Guoco Leisure's hotel portfolio, maybe QLC will pay out some for special dividend if he wants; he definitely will deploy more proceed towards more hotels under management or other business.