Genting HK briefing dismisses group bailout, able to raise enough funds

UOB Kay Hian Malaysia Research house said GENHK’s results briefing provides reasonably good assurances that it can raise sufficient capital from the investment community.

KUALA LUMPUR: Financially ailing Genting Hong Kong (GENHK) should be able to raise enough funds from the investment community, ruling out any need for other entities in the Genting group to bail it out, according to UOB Kay Hian Malaysia Research.

In its report issued on Wednesday, the research house said GENHK’s results briefing provides reasonably good assurances that it can raise sufficient capital from the investment community.