no, ASM hasn’t thrown in the towel.
They have investment rules, they need to adhere to. also, their billion dollar portfolio is in trouble. They need to focus on other more urgent matters. Cash is a little tight at the moment, Will come back to Donaco later.
even uncle Lim Kok Thay fortune has halves.. Down 700 million.
https://www.thestar.com.my/business/business-news/2020/08/21/lim-kok-thay-puts-fortune-on-line-to-save-genting-hk
in normal time, Genting would have no trouble buying out Aristo at premium price. Aristo was the 2nd Genting. It was Goh Tong baby project. Hold very significant sentiment value for the Lim family. They wanted to keep it under family control. If and when they have the cash, the Lim family will want to buy Aristo.
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