Governance is substance over form

By PANKAJ C. KUMAR

Last week, Genting Malaysia Bhd (GENM) announced the proposed acquisition of the remaining 51% stake in Genting Empire Resorts LLC (GERL), which owns the Empire Resorts (ER), from Kien Huat Realty III Limited (KH) for US$41mil.

The purchase consideration also includes the settlement of an inter-company loan owed by ER to KH of US$39.7mil.

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gentingmalaysia , relatedparty , empireresorts , minorityrights , corporategovernance , egmthreshold , malaysiastocks , mmlrreform

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