GGRAsia – Genting Singapore converts bought shares to treasury ones

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Genting Singapore converts bought shares to treasury ones

Jul 16, 2015 Newsdesk Industry Talk, Latest News, Singapore

Genting Singapore converts bought shares to treasury ones

Genting Singapore Plc, developer and operator of the Resorts World Sentosa casino resort (pictured) in Singapore, said in a filing on Wednesday that 18,648,200 shares in the company it had bought back from the market on various dates between June 2 and June 16, have been transferred to the company.

The shares have been held as treasury shares since Wednesday, the firm said in a filing to the Singapore Exchange.

It added the exercises did not equate to share buy backs as defined by the Isle of Man Companies Act 2006.

Genting Singapore’s shares closed up 0.56 percent at SGD0.905 (US$0.663) by the end of Wednesday trading in Singapore.

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