KUALA LUMPUR: Public Investment Research (PIVB) is cautious about Genting Malaysia Bhd’s (GentingM) move to injecting US$150mil (RM625mil) cash into its 49%-owned Empire Resorts Inc (Empire).
It said on Monday that in March, GentingM pumped in US$40mil (RM175mil) into Empire via a subscription of Series G preferred stock.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!