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Wow~ Funding 6.8billion over the next 8 years with internal resources. A very cash generative business since it opened for business but unfortunately, much accrued winnings are used to increase their stakes at rolling on the dice.
It might be better to be the recipients of the 6.8billion instead of a Genting Spore shareholder?
How will the Company finance its approximately S$6.8 billion investment to transform RWS? Would the investment impact earnings significantly in the near term?
On 10 November 2023, the Board of Directors announced that it has approved a total investment of around S$6.8 billion and this sum includes amounts which have been spent and the remainder to be invested over the next eight years. We are confident that this investment will firmly anchor RWS as the most sought-after tourism destination in Asia, and propel the Group’s strong future growth. The investment will be funded through internal resources and it is not expected to have a material impact to the Company’s earnings in the near term.
AGM Q&A
https://links.sgx.com/FileOpen/GENS%20-%...eID=796217
It might be better to be the recipients of the 6.8billion instead of a Genting Spore shareholder?
How will the Company finance its approximately S$6.8 billion investment to transform RWS? Would the investment impact earnings significantly in the near term?
On 10 November 2023, the Board of Directors announced that it has approved a total investment of around S$6.8 billion and this sum includes amounts which have been spent and the remainder to be invested over the next eight years. We are confident that this investment will firmly anchor RWS as the most sought-after tourism destination in Asia, and propel the Group’s strong future growth. The investment will be funded through internal resources and it is not expected to have a material impact to the Company’s earnings in the near term.
AGM Q&A
https://links.sgx.com/FileOpen/GENS%20-%...eID=796217