KUALA LUMPUR (Bernama) -- Genting Malaysia Bhd
’s (GENM) indirect wholly-owned subsidiary, Genting ER II LLC (GER II), had entered into a Subscription Agreement to subscribe to up to US$20 million (US$1=RM4.11) of additional Series L preferred stocks of Empire Resorts Inc.
In a filing with Bursa Malaysia today, the company said the proceeds will be utilised by Empire for its working capital and to conclude Empire’s short-term refinancing plan.
Already a subscriber? Log in.
Subscribe to The Star Yearly Premium Plan for 30% off
Cancel anytime. Ad-free. Full access to Web and App.
Monthly Plan
RM 13.90/month
RM 9.73/month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
Best Value
Annual Plan
RM 12.39/month
RM 8.63/month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.
