Posted by Marginofsatefy > 2023-08-17 02:47 | Report Abuse

From what I can see preference shares don't have any priority over ordinary shares in a liquidation/sale event and convert to ordinary shares on large financings or regulatory approvals (which is what matters). Here's some disclosure from Dundee...

In order to fund the new study and bolster its cash reserves, TauRx negotiated an investment from an existing shareholder through the issuance of a new class of preference shares in the company. The investor subscribed for 500,000 class B preference shares at an aggregate subscription amount of US$100 million or US$200/share. The new class of preference shares does not have any liquidation preferences but conveys to the holder a call option to acquire commercialization rights for LMTX® over certain territories in Asia. The preference shares are convertible to ordinary shares on a one-to-one basis upon the attainment of pre-specified regulatory and/or listing objectives alongside the injection of a further material amount of cash. The investment was made in three tranches with the initial tranche (350,000 shares/US$70 million) completed in January 2020, and the final two tranches (totalling 150,000 shares/US$30 million) completed in August 2020.
TauRx is actively engaged in negotiating commercialization rights with partners in other territories. In June 2020, TauRx
announced that it had signed a term sheet with Mediforum Pharmaceutical Co. Ltd (“Mediforum”), giving the Kosdaq-listed company rights to acquire publishing, manufacturing and intellectual property rights in Korea for LMTX®. In October 2020 and
as part of the deal terms, Mediforum acquired 25,000 shares of TauRx for US$5 million.

Posted by Marginofsatefy > 2023-08-17 03:07 | Report Abuse

Thanks so do the other preference shares have priority over the ordinary shares on sale, IPO, liquidation etc.? Or is it just greater voting rights?

Posted by Marginofsatefy > 2023-08-17 03:36 | Report Abuse

Can you share any details on the different rights of the various share classes? ... Particularly in a sale, IPO, liquidation or similar.

Posted by Peaches L > 2023-08-17 05:12 | Report Abuse

@Marginofsatefy, u just joined tis forum on 16 Aug 2023 (yesterday) and is already so resourceful abt TauRx. U hv put many to shame w yr knowledge. U shud b here years ago when TauRx was born.

Posted by RISK8888 > 2023-08-17 08:40 | Report Abuse

but when is it going to get approval? no use if the drug cannot be sell.

Posted by RISK8888 > 2023-08-17 08:42 | Report Abuse

looks like US is not going to approve soon, it depends on UK now where the environment not so money eye in nature.

Posted by Michael_chan2022 > 2023-08-17 09:38 | Report Abuse

趁好股落難時撿便宜。。買得便宜，才能抱的緊... those who bought it at 410, 420.... steady, pom..pi pi

Posted by Michael_chan2022 > 2023-08-17 09:39 | Report Abuse

Go go Genting..

Posted by neohts > 2023-08-17 09:44 | Report Abuse

Opportunity to collect more before next week Q2 2023 result.

Posted by Michael_chan2022 > 2023-08-17 10:10 | Report Abuse

450 should provides a strong support 💪

Posted by choysun > 2023-08-17 10:21 | Report Abuse

Today closing will consolidate yesterday's gain or not leh? :p

Posted by Michael_chan2022 > 2023-08-17 10:28 | Report Abuse

Betul...will strengthen its support. Sifu said 是第二隻腳

Posted by Michael_chan2022 > 2023-08-17 10:30 | Report Abuse

第二隻腳 @450?

Posted by James_Bond > 2023-08-17 13:19 | Report Abuse

Go go go genting, one of my battleship collection!

Posted by Michael_chan2022 > 2023-08-17 13:41 | Report Abuse

👏👏

Posted by Michael_chan2022 > 2023-08-17 15:11 | Report Abuse

Hope GenB 的業绩:
- 開大有 400 mln
- 開小有 350 mln
😀

Posted by choysun > 2023-08-17 15:33 | Report Abuse

Wah, still got discount to give... :)

Posted by Michael_chan2022 > 2023-08-17 15:37 | Report Abuse

😊

Posted by ClaraChan94 > 2023-08-17 15:41 | Report Abuse

Good Q2 result is known ? hehe

Posted by Michael_chan2022 > 2023-08-17 15:58 | Report Abuse

Market is pessimistic??

Posted by Michael_chan2022 > 2023-08-17 16:06 | Report Abuse

Hope it can close above 450

Posted by RISK8888 > 2023-08-17 17:06 | Report Abuse

up 12sens drop 11sens. bodoh

Posted by williamh > 2023-08-17 20:55 | Report Abuse

Price movement was heavily manipulated by IB

Posted by Michael_chan2022 > 2023-08-18 07:41 | Report Abuse

Affected by financial sttocks sell-off...ang moh to raise rates again in Sept

Posted by Michael_chan2022 > 2023-08-18 07:44 | Report Abuse

Another quarter point... to 5.50%-5.75%, at either on
- 1 Nov meeting or
- at their last meeting on 13 Dec

Posted by Michael_chan2022 > 2023-08-18 07:53 | Report Abuse

Ang moh is shouting ...狼又要来了

Posted by Michael_chan2022 > 2023-08-18 08:03 | Report Abuse

https://www.fool.com/the-ascent/federal-reserve-interest-rates/

When is the next Fed rate hike?

Federal officials have projected that there will be... one more increase in interest rates this year

Posted by OnTime > 2023-08-18 08:39 | Report Abuse

high bond yields already doing the work for the fed so no more rate hike imo

Posted by Michael_chan2022 > 2023-08-18 08:47 | Report Abuse

But when the boy shout, farmers panic and sell.. look at the banking stocks sell down yesterday 😅

Posted by Michael_chan2022 > 2023-08-18 08:48 | Report Abuse

GenB should do well today.. go go Genting

Posted by cn21 > 2023-08-18 09:18 | Report Abuse

Genting’s Resorts World Sentosa set to benefit from return of Chinese travellers — report

https://theedgemalaysia.com/node/679136

Posted by Michael_chan2022 > 2023-08-18 09:23 | Report Abuse

True..Resorts World Sentosa is overcrowded

Posted by Michael_chan2022 > 2023-08-18 10:09 | Report Abuse

https://www.sinchew.com.my/?p=4917550

恒大申请破产

Next will be Country Garden, 碧桂园

Posted by Michael_chan2022 > 2023-08-18 10:09 | Report Abuse

Poor market sentiment

Posted by Michael_chan2022 > 2023-08-18 10:13 | Report Abuse

https://www.bbc.com/zhongwen/simp/business-66509334

碧桂园危机：背负“恒大级”万亿负债，会否成为“倒在黎明前”的悲情巨人

Posted by Michael_chan2022 > 2023-08-18 10:47 | Report Abuse

Added 100 shares. Go.. go Genting

Posted by Michael_chan2022 > 2023-08-18 11:24 | Report Abuse

Son's keeps sliding down .. should rebounds

Posted by neohts > 2023-08-18 11:42 | Report Abuse

Market down is time to collect.
Next week very good Q2 2023 resssult.

Posted by choysun > 2023-08-18 13:06 | Report Abuse

If market give opportunity, should appreciate :)

Posted by Shines > 2023-08-18 13:54 | Report Abuse

Rate hikes are their weapons to manipulate the market, dont be fool by them, after mkt throw, it will up again do you see the mkt tanked after so many announcements ?

Posted by neohts > 2023-08-18 15:12 | Report Abuse

Contra player all die.
If you cannot pick up and cannot hold. Game over, sure lose.

Posted by MoneyMakers > 2023-08-18 15:42 | Report Abuse

Opportunity lose money - crazy chase high

New low coming

Posted by neohts > 2023-08-18 16:21 | Report Abuse

Bought 4.38...continue collecting

Posted by Michael_chan2022 > 2023-08-18 16:24 | Report Abuse

Show you the power of GenB..
Go.. go Genting. Cheers!

Posted by neohts > 2023-08-18 16:35 | Report Abuse

https://theedgemalaysia.com/node/679136

Genting’s Resorts World Sentosa set to benefit from return of Chinese travellers — report

KUALA LUMPUR (Aug 18): Genting Group’s Resorts World Sentosa (RWS) is set to benefit from the return of Chinese travellers, according to industry magazine Inside Asian Gaming (IAG).

In a report on Thursday (Aug 17), IAG cited analysts as saying that the influx of Chinese tourists bodes well for Singapore’s two integrated resorts — Marina Bay Sands and RWS — after each booked strong financial results for the June 2023 quarter.

Posted by Sunflower01 > 2023-08-19 08:43 | Report Abuse

Hi choysin sunflower is back

Posted by Sunflower01 > 2023-08-19 08:47 | Report Abuse

Genting not Give back

Posted by Sunflower01 > 2023-08-19 08:48 | Report Abuse

Missing Pang 72

Posted by Sunflower01 > 2023-08-19 08:49 | Report Abuse

Dividen soon

Posted by Michael_chan2022 > 2023-08-20 09:49 | Report Abuse

https://theedgemalaysia.com/node/664483

Malaysia outperforms regional peers in 2022 tourism recovery, says StanChart

By Chester Tay / theedgemarkets.com
25 Apr 2023, 01:36 pm

KUALA LUMPUR (April 25): Malaysia had the quickest tourism recovery among its regional peers last year, recovering 92% of tourist arrivals compared to 2019 levels, driven by visitors from Singapore, according to a report by StanChart Global Research.

業績前給大家打打气。。