Genting unit takes Canadian firm shares

  • Business
  • Friday, 11 Apr 2003

Genting Bhd said its unit Genting International Plc has completed the acquisition of private placement of 18 million new units of Canada-based Pacific Lottery Corp Bhd at 25 Canadian cents per unit. 

Genting International now held 30% stake in Pacific Lottery, the company said in a statement. 

It said Pacific would use the funds from the private placement to buy equipment and associated services required to fulfil its contract to implement a modern online lottery program in Ho Chi Minh City, Vietnam. 

Pacific, incorporated in Alberta, Canada, and listed on the TSX Venture Exchange, is mainly involved in the research, development, manufacture, operation and management of lottery gaming systems. – AFX 

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