GL Limited (formerly: Guoco Leisure)

[Stocker]

Take notice some accumulations in past few trading days.

[propertyinvestor]

The volume is so low the past few days.

[Stocker]

QLC owns 67% and maratton owns 10% , free float is about 23% , so expect to be illiquid.

[freedom]

Guoco Group could be more interested in Bank of East Asia than Guoco Leisure.

don't think that there will be any major move from Guoco Group.

[Stocker]

Guoco Group could be more interested in Bank of East Asia than Guoco Leisure.

don't think that there will be any major move from Guoco Group.

Pls enilghten why , thanks.

[paullow]

Guoco Group could be more interested in Bank of East Asia than Guoco Leisure.

don't think that there will be any major move from Guoco Group.

Pls enilghten why , thanks.

One reason could be that quek leng chan already owns majority shares in guocoleisure so there could be little incentive to buy more shares in a company which he already controls. Same goes for guocoland. QLC does not need to privatise it, unless of course GL shares falls to a low enough price, but even so(look at 2009 crisis-GL fell to $0.90, which was its cash level), QLC did not mop up all the remaining shares.

[freedom]

Guoco Group has not been buying Guoco Leisure for quite some time already, and in the meantime, Guoco Group is buying Bank of East Asia from open market. I guess Guoco Group saw an opportunity in Bank of East Asia with its largest shareholder being a Spanish bank (in the trouble? to divest minority stake for coming Basel III?). my speculation only.

On the other hand, Guoco Group already has majority control over Guoco Leisure. It is more advantageous for QLC not privatize it so that Guoco Leisure can continue to access equity market for growth (more Guoman Hotels, and more Thistle Hotels in Asia) on its own rather than relying on Guoco Group. Of course, it is possible that Guoco Group will continue to buy Guoco Leisure on the open market if Guoco Group has nothing better to buy with its cash.

[Stocker]

Guoco Group has not been buying Guoco Leisure for quite some time already, and in the meantime, Guoco Group is buying Bank of East Asia from open market. I guess Guoco Group saw an opportunity in Bank of East Asia with its largest shareholder being a Spanish bank (in the trouble? to divest minority stake for coming Basel III?). my speculation only.

On the other hand, Guoco Group already has majority control over Guoco Leisure. It is more advantageous for QLC not privatize it so that Guoco Leisure can continue to access equity market for growth (more Guoman Hotels, and more Thistle Hotels in Asia) on its own rather than relying on Guoco Group. Of course, it is possible that Guoco Group will continue to buy Guoco Leisure on the open market if Guoco Group has nothing better to buy with its cash.

I think you got the points. QLC still want to control a bank in HK , although after selling one.
One thing that makes many puzzle was why he already has effective control over Guoco Leisure ( More than 50% ), and he still continued to buy when he holding already exceeded more than 60%..???

[propertyinvestor]

Guoco Group has not been buying Guoco Leisure for quite some time already, and in the meantime, Guoco Group is buying Bank of East Asia from open market. I guess Guoco Group saw an opportunity in Bank of East Asia with its largest shareholder being a Spanish bank (in the trouble? to divest minority stake for coming Basel III?). my speculation only.

On the other hand, Guoco Group already has majority control over Guoco Leisure. It is more advantageous for QLC not privatize it so that Guoco Leisure can continue to access equity market for growth (more Guoman Hotels, and more Thistle Hotels in Asia) on its own rather than relying on Guoco Group. Of course, it is possible that Guoco Group will continue to buy Guoco Leisure on the open market if Guoco Group has nothing better to buy with its cash.

I think you got the points. QLC still want to control a bank in HK , although after selling one.
One thing that makes many puzzle was why he already has effective control over Guoco Leisure ( More than 50% ), and he still continued to buy when he holding already exceeded more than 60%..???

He alrdy got control of Guoco Group. Guoco group owns 60% of Guocoleisure

[KopiKat]

Guoco Group has not been buying Guoco Leisure for quite some time already, and in the meantime, Guoco Group is buying Bank of East Asia from open market. I guess Guoco Group saw an opportunity in Bank of East Asia with its largest shareholder being a Spanish bank (in the trouble? to divest minority stake for coming Basel III?). my speculation only.
.
.

Where to get this data? I went to check HKEX announcements but didn't see anything for the past year. Perhaps I'm looking at the wrong thing as I'm not too familiar with HKEX.