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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