Lim Kok Thay’s long game continues with Genting’s latest act to take Malaysia unit private
From Pahang’s misty highlands to Singapore, Las Vegas and beyond, Genting’s rise is a story of vision and grit as Lim tightens control of his sprawling empire
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[KUALA LUMPUR] Leisure and gaming giant Genting Group’s move to take Bursa Malaysia-listed Genting Malaysia private marks one of the most decisive moves in the juggernaut’s history of consolidation and control.
The RM6.74 billion (S$2.1 billion) buyout, announced on Monday (Oct 13), comes after months of leadership shake-ups and earnings disappointments that have weighed on investor confidence.
So far this year, shares across Genting’s four listed arms are in the red.
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