Genting Group increases its shareholding by over 57%, mandatory acquisition of Genting Malaysia at a controversial price.

Genting Group, after increasing its stake in Genting Malaysia by 2.02%, has exceeded a 57% shareholding, triggering a mandatory takeover offer. The acquisition price remains unchanged at 2.35 ringgit per share, but the independent advisor Kenanga Investment Bank outright stated "the price is too low

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Moody's places Genting Group on downgrade watchlist due to acquisition of Genting Malaysia possibly deteriorating credit metrics.

International rating agency Moody's has placed Genting Group's Baa2 issuer rating on its downgrade watch list, primarily because the group plans to voluntarily acquire the remaining 50.6% stake in Genting Malaysia that it does not yet own through debt financing, with a total transaction cost of up t

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Malaysian Islamic Party vows to shut down Genting Casino

The Malaysian Islamic Party (Malay: Parti Islam Se-Malaysia, abbreviated as PAS) vows that if it wins the Pahang state in the upcoming 16th Malaysian general election, it will shut down all forms of gambling, including the casino resorts in Genting Malaysia.The resorts and casinos of Genting Malaysi

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