Quick take: Genting Malaysia tumbles 10% on shareholders fret over Empire acquisition

KUALA LUMPUR: Genting Malaysia Bhd’s (GenM) shares tumbled by over 10% in early trade Wednesday, after announcing that it would acquire Empire Resorts Inc, from Tan Sri Lim Kok Thay, via Kien Huat Realty III Ltd.

The gaming stock fell 10.25%, or 37% to RM3.24, making it the top losers on Bursa Malaysia with 148.55 million shares done. Separately, Genting fell 3.61%, 24 sen to RM6.41.