Genting to buy Pan Malaysian Pools for RM2.5bil?


PETALING JAYA: The market is again abuzz with speculation that Genting Bhd, whose businesses include gaming and leisure under Genting Malaysia Bhd in which the company has a 49.39% stake, is finalising the deal to acquire Tanjong plc's gaming unit Pan Malaysian Pools Sdn Bhd (PMP) for an estimated RM2.5bil.

While speculation of Genting having won the bid is not new, this time sources have told StarBiz that the deal was definitely going through.

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