Published Mon, Oct 13, 2025 · 05:20 PM — Updated Mon, Oct 13, 2025 · 05:24 PM
[KUALA LUMPUR] Malaysia’s Genting Berhad said on Monday (Oct 13) it will launch a cash offer for all shares in Genting Malaysia it does not own in a deal valued at RM6.74 billion (S$2.1 billion).
Genting, a conglomerate which holds about 49.4 per cent of casino and hospitality company Genting Malaysia, offered RM2.35 per share, a 9.8 per cent premium to Genting Malaysia’s last price of RM2.14 before trading was halted on Monday.
Genting shares have fallen about 26 per cent year-to-date, while Genting Malaysia is down 5.3 per cent, LSEG data showed, pressured by weak earnings and cost pressures.
Genting said the deal would improve capital allocation and operational efficiency. Trading will resume on Tuesday. REUTERS
