Date: Mon, 1 Jun 2009 16:40:48 +0800
Local: Mon, Jun 1 2009 4:40 pm
Subject: Genting Lim Goh Tong S$1.1 billion profit
This guy made a cool S$1.1 billion even without finishing the IR project in
Sentosa. The most shocking thing is the whole Sentosa project is financed by
bank loans, all S$6 billion.
When Genting launch its IPO in late 2005, its share price was only S$0.35.
When Lim Goh Tong sold off his stake at S$0.71 in 2009, he made S$1.1
billion in the process. Talk about good timing and patients.
S$1 billion profit within 4 years, Is this possible in Malaysia ? Is the
money in Singapore ? No. Most likely destination is Macau.
Singapore have made so many millionaires and billionaires because they
exploited the Singapore system.
Can someone explain where and how ordinary Singaporean benefited from them ?
If Singapore is not meant for rich people, it is meant only for foreigners ?