The transaction is expected to be completed in the fourth quarter of this year. (Genting Group's chairman and chief executive Tan Sri Lim Kok Thay delivering his speech during the Genting Founder’s Day 2019 & Handover of the Dementia Day Care Centre to the University of Malaya event on February 28, 2019. -. IZZRAFIQ ALIAS/The Star.)
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
According to a statement filed on Nasdaq, Empire said it had entered into a definitive agreement under which affiliates of Kien Huat and Genting Malaysia would acquire all the outstanding equity of the company not currently owned by Kien Huat or its affiliates.
Limited time offer:
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