Genting launches RM6.74bil takeover bid for remaining Genting Malaysia shares
Genting Bhd has proposed a conditional voluntary takeover offer to acquire all remaining ordinary shares in Genting Malaysia Bhd (GENM) not already held by the group for a cash offer of RM2.35 per share.
In a Bursa Malaysia filing, Genting said the offer, which covers 2.87 billion GENM shares or 50.64% equity interest, amounts to RM6.74 billion.
It holds 49.36% of GENM as of Oct 10.
The offer is conditional on Genting receiving valid acceptances that would raise its stake to more than 50% of the total shares issued.
Genting said the offer price of RM2.35 per share represents a premium of between 9.8% and 22.9% over GENM’s historical traded price over the past 12 months up to and including Oct 10, 2025, the last trading day before the offer notice.
“The offer provides shareholders an opportunity…
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