Genting Plantations’ gearing level manageable

PETALING JAYA: Genting Plantations Bhd is expected to see an increase in gearing due to its expansion into property development in Jakarta, Indonesia, but analysts remain unconcerned.

Genting Plantations had announced the acquisition of two adjacent land parcels totalling 152ha in Sentul City in Jakarta, Indonesia for RM593mil from PT Sentul City TBK and its related companies.

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Genting Plantations , gearing , acquisition , Kenanga

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