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GENTING Bhd is issuing US$300mil five-year exchangeable notes to foreign investors to raise funds for the group's future overseas investments and working capital expenditure.
GENTING Bhd's proposed US$250mil five-year exchangeable notes as well as US$50mil additional notes issues have been fully subscribed following the completion of a book-building exercise on Dec 5, the company said in a statement to the KLSE Monday.
Magnum Corp Bhd has proposed a share exchange with subsidiary Magnum 4D Bhd that would see the gaming businesses of Magnum 4D being consolidated under Magnum Corp and Magnum Corp's properties, together with the 40-storey Menara Multi-Purpose, being placed under a Magnum 4D listed shell.
MAGNUM Corp Bhd has won over most of the 4D selling agents of its gaming subsidiary Magnum 4D Bhd who had previously claimed profit commission totalling millions of ringgit were due to them.
Whichever way the KLSE in 2003 will be looked at, it will be remembered as a roller coaster of a ride. From gloom of war and the despair of SARS to the euphoria of a multi-month rally that ended the three-year bear market, investors finally managed to revel in a booming stock market with no stumbling impediments in sight.