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Analysts positive on Genting Malaysia's disposal of HK unit

But special dividend unlikely as funds are earmarked for working capital and expansion
Wednesday, October 5, 2016 - 05:50
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Mr Lim had indicated in May that it would be difficult to sell the Genting HK stake because of his family's large shareholding.

Kuala Lumpur

EVEN though a related party transaction, analysts are positive on Genting Malaysia's disposal of its entire 16.9 per cent stake in Genting Hong Kong to Golden Hope Ltd (GHL) as it allows the gaming company to finally monetise its loss-making investment after nearly 20 years

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