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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.
PETALING JAYA: Genting Malaysia Bhd (GenM) is proposing to acquire shares in Empire Resorts Inc from its single largest shareholder Kien Huat Realty III (KH). It is further proposing a joint venture between GenM and KH to privatise Empire Resorts.
KUALA LUMPUR: Genting Malaysia Bhd, Barakah Offshore Petroleum Bhd, Fraser and Neave Holdings Bhd (F&N), Hartalega Holdings Bhd, Unisem (M) Bhd and PRG Holdings Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.
KUALA LUMPUR: Genting Malaysia Bhd said wholly owned Genting (USA) Ltd has proposed to acquire 13.2 million shares in Empire Resorts Inc from its single largest shareholder Kien Huat Realty III (KH) for US$128.6mil (RM538.8mil).
PETALING JAYA: The US-China trade war has gone from bad to worse after China turned the tables on US President Donald Trump by allowing the yuan to fall to its lowest level in a decade and ordered its state-owned companies to halt agricultural product imports from the world’s biggest economy.
PETALING JAYA: Model and socialite Kylie Jenner will be celebrating her 22nd birthday on fugitive businessman Jho Low's former superyacht Equanimity later this month.
No more fundraising for Boustead?
PETALING JAYA: Genting Malaysia Bhd (GenM) has reached a settlement with Fox, Twenty First Century Fox (21CF) and The Walt Disney Company over their disputes related to the Fox-branded theme park in Genting Highlands.
KUALA LUMPUR (Bernama): Genting Malaysia Bhd has fully resolved its dispute with Fox Entertainment Group Llc, Twentieth Century Fox Film Corporation, Foxnext Llc, Twenty First Century Fox Inc and The Walt Disney Company over the development of an outdoor theme park.