Resorts World to sell stake in Genting Hong Kong for RM1.7bil

PETALING JAYA: Leisure and hospitality group Genting Malaysia Bhd’s indirect subsidiary Resorts World Ltd has proposed to sell its entire 17.81% stake or some 1.43 billion shares in Genting Hong Kong Ltd for at least RM1.7bil cash.

In a filing statement with Bursa Malaysia, Genting Malaysia said the manner in which the shares could be disposed of included but was not limited to transactions done in the open market, off-market transactions or a combination of both.The company had not identified any specific purchaser(s) at this juncture.