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KUALA LUMPUR: Shares in Genting Malaysia Bhd rose almost 1% in active trade in early trade Friday following the release of its surprisingly positive quarterly earnings.
KUALA LUMPUR: Axiata Group Bhd, Gamuda Bhd, Genting Malaysia Bhd, CIMB Group and Leong Hup International Bhd are among the stocks to watch on Friday, according to JF Apex Research.
PETALING JAYA: Genting Bhd has posted a 56.36% jump in net profit to RM599.68mil for the second quarter to end-June on the back of improved earnings from its gaming, leisure and hospitality, plantation and power segments
PETALING JAYA: Genting Malaysia Bhd and its founder Tan Sri Lim Kok Thay, via his vehicle Kien Huat Realty III Ltd, have offered to buy out minority shareholders in Nasdaq-listed Empire Resorts Inc for US$9.74 (RM40.65) cash per share
PETALING JAYA: In justifying its investment in Empire Resorts Inc, Genting Malaysia Bhd said the corporate exercise would give the financially-troubled US casino operator an opportunity to resolve its liquidity challenges.
THE Genting group is not called a global business for nothing. In the week, it announced two different transactions originating from businesses at two ends of the globe.
PETALING JAYA: The massive selldown in Genting counters dragged the benchmark FBM KLCI down, following news of Genting Malaysia Bhd’s (GenM) acquisition of loss-making gaming and entertainment company Empire Resorts Inc.
KUALA LUMPUR: Genting Malaysia Bhd’s (GenM) shares tumbled by over 10% in early trade Wednesday, after announcing that it would acquire Empire Resorts Inc, from Tan Sri Lim Kok Thay, via Kien Huat Realty III Ltd.