Announcement 01-Oct-2024, page-18

There is certainly that to ponder.

Given China’s heavy involvement in this mega-project, the debt-to-equity ratio is likely to exceed 50%, potentially reaching 70% or more.

If Ding has strategically positioned the project, its value could surpass $40 billion, driving significant returns to SH. But I’m merely moving the goalposts with that statement hehe.

The scale of those returns will likely become clear soon. Our chances of a significant windfall are looking very positive to me.

GLTAH