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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.
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).