Genting Berhad, a Malaysia-based conglomerate with global casino interests, has acquired an aggregate of 1,727,200 ordinary shares in a listed subsidiary, casino operator Genting Malaysia Bhd. That is according to the latter’s Thursday announcements filed with Bursa Malaysia.
Genting Berhad had acquired 900,000 ordinary shares in Genting Malaysia on Tuesday (October 7), and another 827,200 shares on the following day.
Lim Kok Thay – the head of gaming conglomerate Genting group – has a deemed interest in the Genting Malaysia shares acquired by the parent. That is via Mr Lim being a beneficiary of a discretionary trust, of which an entity called Parkview Management Sdn Bhd is the trustee.
The share acquisitions on Tuesday and Wednesday have resulted in Mr Lim holding a total indirect interest of 2,798,719,389 shares in Genting Malaysia, or 49.38 percent of its total shares.
Genting Malaysia’s flagship property is the Malaysian casino monopoly Resorts World Genting. Genting Malaysia also runs casinos in the United Kingdom, Egypt, the United States, and the Bahamas.
