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PETALING JAYA: Genting Malaysia Bhd and its founder Tan Sri Lim Kok Thay, via his vehicle Kien Huat Realty III Ltd, have offered to buy out minority shareholders in Nasdaq-listed Empire Resorts Inc for US$9.74 (RM40.65) cash per share
KUALA LUMPUR: Blue chips ended Friday on a slighter weaker note with the benchmark FBM KLCI below the important 1, 600 level on losses by Sime Plantation and Maybank despite firmer economic data and stronger ringgit.
PETALING JAYA: In justifying its investment in Empire Resorts Inc, Genting Malaysia Bhd said the corporate exercise would give the financially-troubled US casino operator an opportunity to resolve its liquidity challenges.
KUANTAN: Although the Pahang government practices an open door policy when it comes to investments it must benefit the state and its people, said Mentri Besar Datuk Seri Wan Rosdy Wan Ismail.
THE Genting group is not called a global business for nothing. In the week, it announced two different transactions originating from businesses at two ends of the globe.
KUALA LUMPUR: Blue chips were treading water early Friday in the absence of strong buying catalysts ahead of the long weekend despite the firmer key Asian markets.
KUALA LUMPUR: Affin Hwang Capital research has cut its earnings forecasts on Petronas Dagangan Bhd to factor in the likelihood of an inventory lag loss.
KUALA LUMPUR: Bursa Malaysia snapped its recent losing streak on Thursday, in line with most key regional markets, on better-than-expected Chinese export data and firmer yuan.