GL Limited (formerly: Guoco Leisure)

[propertyinvestor]

IF QLC wants to take private , one reason is the mark-to-market value of the hotels which is more than double of what it is stated in BS, as confrimed by him in last AGM. Another reason is BassStraits Oil royalty is a cash cow for the next 28 years as GL just signed for another 30 years in year 2010.
QLC can strip the assets and sell them partially or individually to realize full potential value.

That is wishful thinking actually. See the lousy share price performance.