Genting buys yacht for US$126mil

KUALA LUMPUR: Genting Malay­sia Bhd has confirmed its purchase of the Equanimity for US$126mil (RM514.6mil) with the Attorney General describing the sale as historic and represented the highest recovery so far for the government from the 1Malaysia Development Bhd (1MDB) scandal.

In a filing with Bursa Malaysia, Genting Malaysia said on March 28, it made an offer to the Kuala Lumpur High Court to buy the superyacht together with bunkers, fuel, lubricants and other existing consumables on board under a Judicial Sale process, by way of private direct sale, pursuant to the order made by the court under its Admiralty jurisdiction.

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