Comments: Never expect good dividend from Genting group companies, the companies restless seeking to expand on business opportunities oversea. Timing is very important to invest on its companies, you may wait for 3-5 years to see good capital returns.
From the past history, the major shareholder might gain more benefits from the related party transaction and they always transfer the business between the companies.
I always think the best company should able to balance between shareholder return and expanding business opportunity. With this culture on management mind, I believe the company can be still seen and strong on next 100 years.
"I am sure if you are embarrassed about it, there will be some charity bodies which will be quite happy to receive your one-cent payout."
Genting chairman Lim Kok Thay, on the company's proposed one-cent dividend
Anxious shareholders of casino giant Genting Singapore on Tuesday expressed fears over the firm's ability to service the huge interest payments resulting from a recent $2.3 billion fund-raising exercise.
The move dominated questions from the hundreds of shareholders who turned up at the firm's annual general meeting (AGM) held in the luxurious ballroom in Genting's flagship Resorts World Sentosa.
The firm sold a bond-like instrument known as perpetual shares to raise the funds. It is paying a hefty annual payout or coupon of 5.125 per cent.
One after another shareholders stood up to voice their concerns at the meeting, which lasted for hour.
