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Bye bye MBO


The_King

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now is the world of streaming liao yet still have kgk buying into a sunset biz.

 

even for a shrewd bizman like robert, he also make wrong move into want to double down a losing bet.

 

market rumors was that a south korean concern and a chinese concern were bidding and were willing to pay usd400m but someone told robert not to let go for less than usd500m in 2016.

 

https://www.nst.com.my/news/2016/09/172948/kuok-seeking-buyer-cinema-chain-deal-may-hit-us500m

 

https://www.theedgemarkets.com/article/ppb-plans-cinema-business-expansion-not-selling-gsc

 

https://www.theedgemarkets.com/article/gsc-buys-majority-mbo-cinema-assets

 

i guess if the adviser is an outsider, most likely he will be out of a job now.

 

but my intelligent guess is that this adviser is his 'sakti' youngest son and apparent heir.

 

wahahahahhaha

Edited by socrates469bc
  • Wahaha 3
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