{"id":15387,"date":"2021-03-02T16:34:19","date_gmt":"2021-03-02T16:34:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=15387"},"modified":"2026-04-23T21:25:24","modified_gmt":"2026-04-24T00:25:24","slug":"genting-singapore-awards-us1-3m-shares-to-employees","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-singapore-awards-us1-3m-shares-to-employees","title":{"rendered":"Genting Singapore awards US$1.3m shares to employees"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Genting handed out performance-based shares as part of its performance share scheme.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Singapore.- <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-singapores-revenues-fall-90-in-2020\" target=\"_blank\">Genting Singapore<\/a><\/em><\/strong> has granted <strong>SGD1.7m (US$1.3m) in performance-based shares to employees<\/strong>, including executive chairman Tan Sri Lim Kok Thay.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As stated in a filing to the Singapore Exchange, the regional hospitality giant has awarded a total of<strong> 7,765,000 shares, priced at SGD0.85 per unit, <\/strong>through its performance share scheme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Around <strong>2m of the total <\/strong>(worth SGD1.7m)<strong> <\/strong>were granted to Genting&#8217;s directors, including <strong>Lim Kok Thay<\/strong> and its <strong>chief operating officer Tan Hee Teck, who received 750,000 each.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The rest of the shares went <strong>selected employees<\/strong>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, the company announced that it has put back its planned <strong>SG$4.5bn expansion of&nbsp;<em><a href=\"https:\/\/focusgn.com\/asia-pacific\/genting-singapore-pushes-back-resorts-world-sentosa-expansion-plan\" target=\"_blank\" rel=\"noreferrer noopener\">Resorts World Sentosa<\/a><\/em> until 2022<\/strong> due to the Covid-19 pandemic. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Genting handed out performance-based shares as part of its performance share scheme.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Singapore has awarded SGD1.7m in performance-based shares to employees, including executive chairman Tan Sri Lim Kok Thay, as part of its performance share scheme. Concurrently, the company announced a delay in the SG$4.5bn expansion of Resorts World Sentosa until 2022, citing the Covid-19 pandemic.","focusai_entities":"Genting Singapore, Tan Sri Lim Kok Thay, Singapore Exchange, Tan Hee Teck, Resorts World Sentosa","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.8), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Expansion Delay Impact?","query":"What is the projected impact of the Resorts World Sentosa expansion delay on Genting Singapore's long-term GGR and NGR forecasts, considering the revised timeline?"},{"label":"Compensation Strategy?","query":"How does the performance share scheme, including executive grants, align with Genting Singapore's broader corporate governance and shareholder value creation strategy?"}],"footnotes":""},"categories":[163,16333],"tags":[23687],"class_list":["post-15387","post","type-post","status-publish","format-standard","hentry","category-finance-news","category-south-east-asia-news","tag-genting-singapore"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15387"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15387\/revisions"}],"predecessor-version":[{"id":15411,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15387\/revisions\/15411"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}