Analysts positive on Genting Malaysia's disposal of HK unit
But special dividend unlikely as funds are earmarked for working capital and expansion
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.
However, the sale by GenM of 1.43 billion GenHK shares to GHL - a company ultimately controlled by the G…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla cuts US prices by US$2,000 as sales slow, inventories swell
Volkswagen workers vote decisively to unionise in Tennessee
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try