Casino business parent Genting Bhd to pay interim dividend

Oct 16, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck  

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Genting Bhd, a Malaysia-listed conglomerate that is parent to a number of casino companies with operations in Asia and worldwide, has declared an interim dividend of MYR0.065 (US$0.0155) per share relating to the financial year ending December 31.

The single-tier dividend is payable on November 18, the group said in a Monday filing to Bursa Malaysia.

In early August subsidiary unit Genting Singapore Ltd, operator of the Resorts World Sentosa casino resort in Singapore, announced in its second-quarter results for the period to June 30, an interim dividend of SGD0.015 (US$0.0109) per ordinary share, payable on September 20.

Later that month Genting Malaysia Bhd – which runs Resorts World Genting, Malaysia’s only casino resort and has operations in the United States and the Bahamas, the United Kingdom and Egypt – declared in its second-quarter results an interim, single-tier dividend of MYR0.06 per ordinary share, payable on October 11.

In late August, Genting Hong Kong Ltd, a Hong Kong-listed operator of casino cruise ships and shipyards, as well as an investor in the Resorts World Manila casino resort in the Philippines, issued its interim results, showing a narrowed first-half loss. It did not recommend the declaration of any interim dividend for that reporting period. For the first half 2018, it had declared a dividend of US$0.01 per ordinary share.

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