PETALING JAYA: Genting Bhd
now holds 73.13% of Genting Malaysia Bhd (GenM) following the closure of its unconditional takeover offer yesterday.
In a filing with Bursa Malaysia, Genting said the offer, priced at RM2.35 per share, closed at 5pm on the final closing date, bringing its stake to 4.14 billion GenM shares (excluding treasury shares).
The group said the increased shareholding was accumulated through acceptances under the offer and open-market purchases.
GenM’s net profit dropped 79% year-on-year (y-o-y) for the third quarter ended Sept 30, 2025 to RM119.7mil, mainly due to lower foreign exchange gains.
This translated to an earnings per share of 2.11 sen.
