Tag: Genting Malaysia
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Genting Malaysia Takeover Bid Criticized as Not Fair, Says Kenanga IB
Overview of the Contested Takeover Bid The takeover offer for Genting Malaysia Berhad (GENM) has drawn sharp criticism from market observers after Kenanga Investment Bank Berhad (Kenanga IB) described the bid as “not fair” and “not reasonable.” The comments come in an independent adviser’s circular filed with Bursa Malaysia, which outlines concerns about the terms…
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Genting Malaysia Takeover Offer Deemed Not Fair by Kenanga IB and Independent Adviser
Overview: Independent Adviser Criticizes Genting Malaysia Takeover Bid The takeover proposal for Genting Malaysia Berhad (GENM) has drawn sharp criticism from industry observers afterKenanga Investment Bank (Kenanga IB) declared the bid by the Lim family-controlled operator of gaming and resorts as “not fair” and “not reasonable.” The independent adviser’s stance, disclosed in a circular filed…
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Genting Malaysia Takeover Offer Deemed Not Fair and Not Reasonable by Kenanga IB
Overview: A Bid Facing Scrutiny The takeover bid for Genting Malaysia Berhad (GENM) has drawn sharp scrutiny from industry observers after Kenanga Investment Bank Berhad (Kenanga IB), acting as an independent adviser, described the offer as “not fair” and “not reasonable.” The assessment, disclosed through a circular filed with Bursa Malaysia, raises immediate questions about…
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Genting’s RM6.74B Bid to Privatize Genting Malaysia Amid NY Casino Push
Genting Moves to Take Genting Malaysia Private Genting Berhad announced on October 13 a conditional cash offer to acquire all remaining shares of Genting Malaysia Berhad it does not already own. Valued at RM6.74 billion (about S$2.1 billion), the proposal aims to privatise Genting Malaysia and consolidate control over the group’s casino and hospitality arm.…
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Genting Bids RM6.74 Billion to Privatize Genting Malaysia, Consolidating Casino Arm
Genting Announces Conditional Cash Offer to Take Genting Malaysia Private In a move to consolidate control over its casino and hospitality arm, Genting Group has unveiled a conditional cash offer to acquire the remaining Genting Malaysia shares it does not own. The bid, valued at RM6.74 billion (about S$2.1 billion), was disclosed on October 13…
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Genting’s RM6.74 Billion Bid to Take Genting Malaysia Private Strengthens Control Ahead of US Expansion
Genting Offers Cash to Take Genting Malaysia Private Genting Berhad unveiled a conditional cash offer on October 13 to acquire the remaining shares of Genting Malaysia Berhad it does not already own, aiming to privatise the gaming and hospitality arm. The deal, valued at RM6.74 billion (about S$2.1 billion), would help the diversified group consolidate…