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KUALA LUMPUR: Genting Malaysia Bhd chairman and chief executive Tan Sri Lim Kok Thay, the highest paid CEO in the country, is taking a 20% pay cut, according to a report by China Press.
THE Genting group of companies has been grabbing the headlines since end-2018. The recent development involves the purchase of the controversial “Equanimity” superyacht by Genting Malaysia Bhd. The firm has proposed to buy the superyacht, which was formerly owned by fugitive businessman Jho Low, at a price tag of US$126mil (RM515mil).
PETALING JAYA: What stands between Genting Malaysia Bhd and a fox? A mouse.
KUALA LUMPUR: Shares of Genting Malaysia Bhd and Genting Bhd rebounded in early trade Wednesday from a heavy selldown yesterday, following news that Twenty-First Century Fox Inc was pulling out of the contract for the construction of the Fox theme park in Genting Highlands.
PETALING JAYA: Several analysts have cut their earnings forecast on Genting Bhd and Genting Malaysia Bhd following the government’s decision to increase casino tax.
KUALA LUMPUR: JF Apex Research expects Genting Bhd, Genting Malaysia Bhd, Sunway Construction Group Bhd and Tropicana Corp Bhd to be among the stocks to watch on Wednesday.
KUALA LUMPUR: Blue chips closed higher for the second day on Wednesday, underpinned by gains in Genting Malaysia Bhd, Genting Bhd, Telekom Malaysia Bhd and Petronas Chemicals Bhd as investor optimisim rode on the rebound in crude oil prices