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KUALA LUMPUR: Genting Malaysia Bhd,which has temporarily suspended its operations in Malaysia and overseas due to the coronavirus pandemic, told shareholders that it won't be able to comment on its business outlook.
INVESTORS have been warned: the worst is yet to come.
KUALA LUMPUR: Genting Malaysia Bhd has extended the closure of its resorts operations until April 14 following the latest government announcement over the movement control order (MCO).
PETALING JAYA: The decision by Genting Malaysia Bhd to inject US$40mil (about RM175mil) into its struggling US gaming unit Empire Resorts Inc will only have minimal impact on the former’s financial leverage, according to CGS-CIMB Research.
KUALA LUMPUR: Genting Malaysia Bhd, Top Glove Corp Bhd, WCT Holdings Bhd, Censof Holdings Bhd and FGV Holdings Bhd are among the stocks to watch on Friday.
PETALING JAYA: Genting Malaysia Bhd is injecting US$40mil (RM174mil) into US-based casino operator Empire Resorts. Inc by subscribing the latter’s preferred stock.
KUALA LUMPUR: Genting Malaysia Bhd has agreed to subscribe up to US$40mil of series G preferred stocks in Empire.
KUALA LUMPUR: Genting Malaysia Bhd looks to be the biggest loser among gaming sector stocks as the movement restriction order shuts down all gaming facilities for 14 days.
PETALING JAYA: Genting Malaysia Bhd has decided to temporarily close its Resorts World Genting from March 18-31, 2020 due to the Covid -19 pandemic.
PETALING JAYA: Index-linked stocks tumbled to their near 52-week low, after oil prices crashed by more than 30%.