Genting hopes for equanimity

THE Genting group of companies has been grabbing the headlines since end-2018. The recent development involves the purchase of the controversial “Equanimity” superyacht by Genting Malaysia Bhd. The firm has proposed to buy the superyacht, which was formerly owned by fugitive businessman Jho Low, at a price tag of US$126mil (RM515mil).

The market didn’t take the news very well, culminating in more than RM4bil being wiped off the cumulative market value of the three Genting companies listed in Malaysia and Singapore.