Genting Malaysia's unit to buy entire Series F stock of Empire for US$100mil

KUALA LUMPUR: Genting Malaysia Bhd's (GenM) indirect wholly-owned subsidiary, Genting ER II LLC (GER II) has entered into a share purchase agreement with Kien Huat Realty III Ltd (KH) to purchase the entire 1,510 Series F convertible preferred stock of Empire Resorts Inc (Series F) for US$100 million (RM438.5 million).

Empire is a Delaware corporation incorporated on March 19, 1993 with various subsidiaries engaged in hospitality and gaming.