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Latest news with #GentingMalaysiaBhd
The Star
11-05-2025
- Business
- The Star
Weighing the odds for Genting Malaysia
ONCE a preferred pick among institutional and retail investors, Genting Malaysia Bhd seems to be on a losing streak with its share price under pressure from soft earnings, rising debt and renewed governance concerns. This sentiment was underscored by the stock's removal – along with parent Genting Bhd – from the FBM KLCI benchmark index at the end of last year.
The Star
09-05-2025
- Business
- The Star
Governance is substance over form
Last week, Genting Malaysia Bhd (GENM) announced the proposed acquisition of the remaining 51% stake in Genting Empire Resorts LLC (GERL), which owns the Empire Resorts (ER), from Kien Huat Realty III Limited (KH) for US$41mil. The purchase consideration also includes the settlement of an inter-company loan owed by ER to KH of US$39.7mil.
