{"id":777025023,"date":"2025-04-08T05:17:19","date_gmt":"2025-04-08T08:17:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777025023"},"modified":"2026-04-22T00:04:17","modified_gmt":"2026-04-22T03:04:17","slug":"genting-malaysia-seeks-approval-to-renew-share-repurchase-scheme","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-seeks-approval-to-renew-share-repurchase-scheme","title":{"rendered":"Genting Malaysia seeks approval to renew share-repurchase scheme"},"content":{"rendered":"\n

epurchases would not exceed 10 per cent of issued shares.<\/p>\n\n\n\n\n\n\n\n

Malaysia.- Genting Malaysia<\/strong> has announced that its board will seek shareholder approval at the next annual general meeting to renew the company’s authority to purchase its own shares<\/strong>. Repurchases would not exceed 10 per cent of issued shares\u00a0when combined with existing treasury shares, The company has not yet announced when the meeting will take place.<\/p>\n\n\n\n

Genting Malaysia operates Resorts World Genting (RWS)<\/strong>, Malaysia’s only licensed casino, at Genting Highlands. The group also operates casinos in the United States, the Bahamas, the United Kingdom and Egypt.<\/p>\n\n\n

\n
\"Resorts
Resorts World Genting (RWS), Malaysia’s only licensed casino property, at Genting Highlands.<\/figcaption><\/figure>\n<\/div>\n\n\n

Genting Malaysia reports net loss for Q4<\/h2>\n\n\n\n

Genting Malaysia\u2019s fourth quarter revenue was flatish at RM2.68m (US$604.3m) while adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) was RM180.6m (US$41m), down 78.6 per cent year-on-year<\/a> and 86.2 per cent quarter-on-quarter<\/a>. The decline was mainly attributed to net unrealised foreign exchange translation losses on the group\u2019s USD-denominated borrowings.<\/p>\n\n\n\n

The company posted a loss before taxation (LBT) <\/strong>of RM368.2m and a net loss of RM485.6m. Excluding the effect of the unrealised foreign exchange translation, the group would have reported LBT of RM11.3m and a net loss of RM128.7m.<\/p>\n\n\n\n

Revenue<\/strong> in the leisure and hospitality segment in Malaysia was down 1 per cent to RM1.17bn (US$263.8m), while adjusted EBITDA was down 7 per cent, to RM490.4m (US$110.57m). The company attributed this to higher operating expenses during the period.<\/p>\n\n\n\n

For the full year, Genting Malaysia\u2019s revenue increased by 7 per cent to RM10.7bn (US$2.41bn) while adjusted EBITDA grew by 1 per cent to RM2.92bn (US$658.4m). In Malaysia, the group\u2019s leisure and hospitality operations reported a 6 per cent growth in revenue to RM6.28bn (US$1.42bn) while adjusted EBITDA was up 1 per cent to RM2.1bn (US$473.5m).<\/p>\n\n\n\n

See also: <\/strong>Genting Malaysia names Wai Yee Loh as CFO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

epurchases would not exceed 10 per cent of issued shares.<\/p>\n","protected":false},"author":176,"featured_media":18062,"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 Malaysia seeks shareholder approval to renew its authority for share repurchases, not exceeding 10% of issued shares. This follows a Q4 net loss of RM485.6m, primarily attributed to unrealised foreign exchange translation losses, despite a 7% increase in full-year revenue to RM10.7bn.","focusai_entities":"Genting Malaysia, Resorts World Genting, Wai Yee Loh","focusai_location":"Malaysia, Genting Highlands, United States, Bahamas, United Kingdom, Egypt","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.75), investor_analyst (1.0), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Share Repurchase Rationale?","query":"What is the strategic rationale behind Genting Malaysia's decision to renew its share repurchase authority, particularly in light of the reported Q4 net loss and the impact of foreign exchange translation?"},{"label":"FX Impact on Capital?","query":"How do the unrealised foreign exchange translation losses impact Genting Malaysia's capital structure, debt covenants, and future investment capacity across its global gaming verticals?"}],"footnotes":""},"categories":[163,16333],"tags":[19394],"class_list":["post-777025023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-genting-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025023","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777025023"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025023\/revisions"}],"predecessor-version":[{"id":777025030,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025023\/revisions\/777025030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18062"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777025023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}