{"id":777035446,"date":"2025-12-02T11:42:07","date_gmt":"2025-12-02T14:42:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777035446"},"modified":"2026-04-21T16:25:25","modified_gmt":"2026-04-21T19:25:25","slug":"genting-malaysia-to-remain-listed-after-parents-bid-falls-short","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-to-remain-listed-after-parents-bid-falls-short","title":{"rendered":"Genting fails in bid to delist Genting Malaysia"},"content":{"rendered":"\n

The operator failed to receive sufficient acceptances for its takeover offer by yesterday’s deadline.<\/p>\n\n\n\n\n\n\n\n

Malaysia.- Genting Malaysia Bhd<\/strong> will remain listed on the Bursa Malaysia <\/strong>after parent company Genting Bhd failed in its bid to acquire a 75 per cent stake<\/strong> in the company. Genting Bhd had tabled an offer worth approximately US$1.59bn<\/strong> to obtain the remaining shares in the operator of Resorts World Genting<\/strong> in a bid to delist the company.<\/p>\n\n\n\n

Genting Bhd’s takeover offer became mandatory in early November after its stake surpassed 50 per cent<\/strong>. The parent company boosted its stake through a combination of on-market share acquisitions and the purchase of interests in shares, but had only obtained following a 57.008 per cent stake <\/strong>as of November 13<\/strong>.<\/p>\n\n\n\n

The company extended the deadline for its offer from November 24 to December 1, but, in a filing yesterday, it said it was still 1.665 per cent short, having acquired a 73.133 per cent interest while awaiting validation for acceptances amounting to 0.202 per cent.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Genting Malaysia\u2019s net profit falls 79% year-on-year in Q3<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

The operator failed to receive sufficient acceptances for its takeover offer by yesterday’s deadline.<\/p>\n","protected":false},"author":2395,"featured_media":777030843,"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 Bhd's US$1.59bn takeover offer for Genting Malaysia Bhd failed to secure the targeted 75% stake by the extended deadline, thereby preventing the delisting of Genting Malaysia from Bursa Malaysia. Despite increasing its interest to 73.133%, the parent company did not achieve the necessary acceptances, impacting its strategic objective to consolidate the Resorts World Genting operator.","focusai_entities":"Genting Malaysia Bhd, Genting Bhd, Resorts World Genting","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.8), operator_casino (0.8), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Genting Malaysia Strategy?","query":"What are the immediate and long-term implications for Genting Malaysia's capital structure and strategic autonomy now that the delisting has failed?"},{"label":"Genting Bhd Capital Allocation?","query":"How will Genting Bhd's group-level capital allocation strategy be adjusted following the unsuccessful US$1.59bn takeover bid?"}],"footnotes":""},"categories":[16338,163],"tags":[19394,23922,25020],"class_list":["post-777035446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-genting-malaysia","tag-resorts-world-genting","tag-takeover-bid"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035446","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\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777035446"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035446\/revisions"}],"predecessor-version":[{"id":777035455,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035446\/revisions\/777035455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777030843"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777035446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777035446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777035446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}