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KUALA LUMPUR: Majority of Genting Malaysia Bhd's loss-making Empire Resorts Inc stockholders have approved the proposed merger with the joint-venture company of GentingM and Kien Huat Realty III Ltd (KH).
PETALING JAYA: Genting Malaysia Bhd, via indirect unit Genting (USA) Ltd (GenUSA), has purchased 12.20 million shares in Empire Resorts Inc from Kien Huat Realty III Ltd (KH) for US$128.56mil (RM534mil).
KUALA LUMPUR: Genting Malaysia Bhd's indirect unit Genting (USA) Ltd has purchased 12.20 million shares in Empire Resorts, Inc from Kien Huat Realty III Ltd for US$128.56mil (RM534mil).
KUALA LUMPUR: Stocks that may be seeing trading interest on Monday include Genting Malaysia Bhd, Ivory Properties Group Bhd, Hengyuan Refining Company Bhd, Petron Malaysia Refining & Marketing Bhd and Mudajaya Group Bhd, according to JF Apex Research.
PETALING JAYA: Investor sentiment towards Genting Malaysia Bhd (GenM) is expected to improve as more details emerge on the group’s upcoming outdoor theme park (OTP)
KUALA LUMPUR: Genting Malaysia Bhd should be seeing improved investor sentiment as concerns over a potential gaming tax hike has been lifted following Budget 2020.
PETALING JAYA: All eyes are on the gaming sector ahead of the upcoming Budget 2020 with some analysts seeing rising risk of a tax hike for number forecast operators (NFOs).
KUALA LUMPUR: Affin Hwang Capital research believes there is a possibility of Genting Malaysia Bhd listing its US operations within the next five to ten years, despite a few "milestones" the gaming company needs to first achieve.
KUALA LUMPUR: Malaysia is committed to continue working with global economies for mutual benefits, including with the United States (US) of which we have had over six decades of strong relationship in terms of trade and investment, said the Ministry of International Trade and Industry (Miti) in a statement.
KUALA LUMPUR: Genting Malaysia Bhd, Perak Transit Bhd, MNC Wireless Bhd and Supermax Corp Bhd are among the stocks to watch on Thursday, according to JF Apex Research.