MarkG
Well-known member
- Joined
- 11 Dec 2017
- Messages
- 4,610
Old (November 2018)Could somebody with more knowledge than a simpleton like me on these matters clarify the situation in laymans terms? The way I see it is Tiger hasnt relinquished any of his shareholding so any ‘takeover‘ would have to involve two or more of the bighitters incorporating their portions of ownership. Is that how it works? We dont even know if Tiger wants to give up the majority holding do we?
Sumrit Thanakarnjanasuth | 2,825,000.00 | 66.86% | |
Zaki Nuseibeh | 200,000.00 | 4.73% | |
Ghanem Nuseibeh | 200,000.00 | 4.73% | |
Knightsbridge Asia Ltd (BVI) | 1,000,000.00 | 23.67% | |
4,225,000.00 |
Now (June 2021)
Sumrit Thanakarnjanasuth | 3,315,000.00 | 26.59% | |
Knightsbridge Asia Ltd | 2,842,829.00 | 22.80% | |
Empire Asia Group Company Limited | 2,190,000.00 | 17.57% | |
PT. Brown Sports Management Asia | 2,059,353.00 | 16.52% | |
PT. EMT Aset Investama | 2,059,353.00 | 16.52% | |
12,466,535.00 |
So although Tiger hasn't sold his shares, issue of new shares has been mainly to other shareholders, and his majority holding has decreased to simply being the largest shareholder. I don't know if Singapore companies have a rule similar to UK whereby 75% control is an important threshold, but his holding staying above 25% could be relevant.
If Tiger sold his shares to the two PT (Indonesian) shareholders, they would jointly own 59.63%. With Knightsbridge increasing its holding suggests Geicke (assuming that's him, although I guess it could be another investor consortium) is in it for the long run. Empire obviously has the existing connection Thailand / Reading connection to Tiger and their holding increased prior to March 21.