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.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
