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.
In a filing with Bursa Malaysia, GenM said it had entered into a binding term sheet with KH for GenM’s wholly owned subsidiary, Genting (USA) Ltd.
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