Vincent Tan in line for £4billion jackpot

[pomeroy]

It would appear that after a court case Tan could be considering selling his stake in Prudential Malaysia which could result in him , at today’s value, getting around £4 billion . Interesting!

[Disco Des]

Re: Vincent Tan in line for £4billion jackpot

30% of a 5 billion US dollar whole company valuation, so more like £1 billion, still a lot of money though.

[Wales-Bales]

Re: Vincent Tan in line for £4billion jackpot

What is it with Vincent and court cases?

[North Cardiff Blue]

Re: Vincent Tan in line for £4billion jackpot

It would appear that after a court case Tan could be considering selling his stake in Prudential Malaysia which could result in him , at today’s value, getting around £4 billion . Interesting!

He's very prudent, except for buying us.

[North Cardiff Blue]

Re: Vincent Tan in line for £4billion jackpot

30% of a 5 billion US dollar whole company valuation, so more like £1 billion, still a lot of money though.

You could get a decent striker for that

[William Treseder]

Re: Vincent Tan in line for £4billion jackpot

He can now take TLG and Tuerto for a top notch ice cream with flakes and 100’s & 1,000’s on and get them back on board, and pay Sludges bail money to get him posting back on here instead of infesting the politics forum.The only extreme right winger he can talk about then will be Olly Tanner.
Jobs a good un..

[JumpersforGoalposts]

Re: Vincent Tan in line for £4billion jackpot

It would appear that after a court case Tan could be considering selling his stake in Prudential Malaysia which could result in him , at today’s value, getting around £4 billion . Interesting!

IF Pru Malaysia is worth RM20billion as is being suggested then the investment fund in which Tan participates has a 30% stake worth RM6billion or £1.1billion approx. Each participant in the fund holds a maximum stake of 10%, hence Tan is in line for £110million at most.

Pru Malaysia valuation: https://www.freemalaysiatoday.com/ca...malaysia-stake
"Tan is talking to advisers about a possible divestment, the people said, asking not to be identified because the information is private. He may seek to sell at a price that values the entire business at RM20 billion or more, one of the people said."

Participants in the Detik Ria investment fund: https://theedgemalaysia.com/node/720998
"A check on Companies Commission of Malaysia shows that Detik Ria is jointly owned by 10 entities, each holding a 10% stake. They are: Berjaya Capital Bhd (a 100%-owned unit of Berjaya Corp Bhd (KL:BJCORP) as at Oct 2, 2023), Ekuiti Spektrum Sdn Bhd, Seahouse Capital Sdn Bhd, Antara Merdeka Sdn Bhd, Pentas Sentral Sdn Bhd, Arah Juara Sdn Bhd, Cangkat Selasih Sdn Bhd, Persada Majestik Sdn Bhd, Serata Setia Sdn Bhd, and Gabungan Majestik Sdn Bhd."

[Trigger]

Re: Vincent Tan in line for £4billion jackpot

IF Pru Malaysia is worth RM20billion as is being suggested then the investment fund in which Tan participates has a 30% stake worth RM6billion or £1.1billion approx. Each participant in the fund holds a maximum stake of 10%, hence Tan is in line for £110million at most.

Blimey, he's lost nearly £4bn since this morning!

Can the op have a warning for the clickbait.

[ToTaL ITK]

Re: Vincent Tan in line for £4billion jackpot

Blimey, he's lost nearly £4bn since this morning!

Can the op have a warning for the clickbait.

not much of a business man is he!

[tforturton]

Re: Vincent Tan in line for £4billion jackpot

Reading that, it seems he wants to sell his stake, and take the cash. I wonder what he wants the money for?

[Trigger]

Re: Vincent Tan in line for £4billion jackpot

Reading that, it seems he wants to sell his stake, and take the cash. I wonder what he wants the money for?

Well following the trend of this thread his stake is now worth something from the saver menu at McDonald's. Good luck to him.

[JumpersforGoalposts]

Re: Vincent Tan in line for £4billion jackpot

Reading that, it seems he wants to sell his stake, and take the cash. I wonder what he wants the money for?

I suspect it's down to the change in foreign ownership rules that led to some nonsense with dividend payments before Pru forced the investment fund to divest itself of a large chunk (19% of their 49% stake) of its investment probably at less than market rate (due to the JV agreement the business was set up on).

[North Cardiff Blue]

Re: Vincent Tan in line for £4billion jackpot

He won the jackpot appointing BBM, he's saved him a small fortune already.

[NinianKnight]

Re: Vincent Tan in line for £4billion jackpot

£110m is not exactly a kick in the whatits. Maybe some can now be spent on the new training ground?