[Tangsen]

Or kenna chapter 11? Or kenna buy over by Forest Li at a discount.
 
Grab is losing close to 1B per quarter. You think listing will help their biz model. If their biz model is making money … no need backdoor listing. Backdoor listing is for the current investors to cash out or cut loss.

If Grab not listed still can ask sugar daddy sugar mummy for cash injection … now public …. ask who? What next for Grab, reduce operating expenses, retrenchment, commission for drivers and deliver cut, higher charges for passengers and F&B operators.

I think in 2023 … delist, kenna acquired or file chapter 11

https://www.channelnewsasia.com/business...ts-2175591

[cityhantam]

Lost so much money ....... but....... senior management getting fat pay cheques! 

[Tangsen]

Lost so much money ....... but....... senior management getting fat pay cheques! 

Ain't that the norm … 

But as an investor, we can choose

[[[ForeverAlone]]]

As usual along the way, swing trade, increase back a bit than drop here and there eventually BYE BYE
Grab how? As usual they will see where can cut resources to sustain the business to be carry on.

[A2Z]

Already bought GCB.

[Sharexchange]

Unicorn..its too big in SG until Govt got to Kowtow to Grab Crap...just like Samsung ib Korea..

[ysh02]

Will tonight continue dropping ?

[toothpick]

when the co-founder of a bankrupt company announce he just bought GCB. you better run far far.

[Tangsen]

when the co-founder of a bankrupt company announce he just bought  GCB. you better run far far.

GCB I think bought by he and his wife. His wife is the daughter of Phileo Allied Bank founder and Edge Media Group owner Tong Kooi Ong. I think she is richer than him. The Grab founder is on paper value, while her family is of actual value

But then Grab founder family also very rich themselves. His father is Tan Heng Chew, president of automotive conglomerate an Chong Motor Holdings Berhad