right, 10% of the minority shareholders can block a privatization attempt. The only obvious catalyst is that H1 should be very strong... google their hotels in SF and HCM and you can see the average room rates are well above last year, and articles suggest occupancy in these markets is up. Commercial real estate prices are up huge in macau which should result in a big revaluation gain, and rents are up significantly as well. I won't be surprised if they sell their Japanese hotel into what has become a very hot market. SF is hot as well, but they are generating a very nice cash yield on their original investment.
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