{"id":777035690,"date":"2025-12-05T10:59:44","date_gmt":"2025-12-05T13:59:44","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777035690"},"modified":"2026-04-21T16:16:04","modified_gmt":"2026-04-21T19:16:04","slug":"genting-bhd-edges-closer-to-75-stake-in-genting-malaysia","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-bhd-edges-closer-to-75-stake-in-genting-malaysia","title":{"rendered":"Genting Bhd edges closer to 75% stake in Genting\u00a0Malaysia"},"content":{"rendered":"\n

Genting Bhd still has a potential path to privatising Genting Malaysia.<\/p>\n\n\n\n\n\n\n\n

Malaysia.- Genting Bhd<\/strong> has resumed buying shares in its subsidiary, Genting Malaysia<\/strong>, on the open market following its unsuccessful mandatory takeover offer. It held only 73.13 per cent of shares<\/strong> by the December 1<\/strong> deadline, but Genting Malaysia reported in a filing yesterday that its parent company’s stake has risen to 73.798 per cent<\/strong>.<\/p>\n\n\n\n

Malaysian listing rules restrict companies from acquiring over 2 per cent <\/strong>of a listed company within a year of a lapsed offer, but Genting Bhd still has a path to privatising Genting Malaysia as it now only needs a 1.87 per cent stake <\/strong>increase. <\/p>\n\n\n\n

Nevertheless, analysts from investment bank Nomura<\/strong> have pointed out that the road to delisting is complex. Genting Bhd would still need to convene a shareholder meeting and offer fair terms to minority shareholders even after reaching the 75 per cent threshold. Even then, there’s no assurance of success if more than 10 per cent of shareholders object. <\/p>\n\n\n\n

Genting Bhd’s initial takeover offer of MYR2.35 per share had been labeled unfair and inadequate by some analysts, including Genting Malaysia’s independent advisor who urged existing shareholders to reject the offer. Considering the unit’s recent recommendation by New York’s Gaming Facility Location Board (GFLB) <\/strong>to be awarded a full commercial casino license for its Resorts World New York City <\/strong>property, Nomura believes a price of MYR2.70<\/strong> is a better offer.<\/p>\n\n\n\n

The analysts stated: “We think that the previous offer price at MYR2.35 did not capture any upside from the New York license, and the remaining holders should be ideally offered a higher exit offer in case a delisting is attempted.”<\/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 fails in bid to delist Genting Malaysia<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Genting Bhd still has a potential path to privatising Genting Malaysia.<\/p>\n","protected":false},"author":2395,"featured_media":16750,"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 is incrementally increasing its stake in Genting Malaysia via open market purchases, aiming for privatization after a failed mandatory takeover offer. Despite Malaysian listing rule restrictions, Genting Bhd is nearing the 75% threshold required for delisting, though analysts highlight complexities regarding minority shareholder approval and fair valuation, especially given Genting Malaysia's recent New York casino license recommendation.","focusai_entities":"Genting Bhd, Genting Malaysia, Nomura, New York's Gaming Facility Location Board, Resorts World New York City","focusai_location":"Malaysia, New York","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":"Minority Shareholder Strategy","query":"What specific governance frameworks and shareholder engagement strategies will Genting Bhd employ to secure the requisite minority shareholder approval for delisting, particularly given the prior 'unfair' offer assessment?"},{"label":"New York License Valuation","query":"How will the GFLB's recommendation for the Resorts World New York City license be formally incorporated into any revised privatization offer, and what independent valuation methodologies are being applied to ascertain fair market value for minority shareholders?"}],"footnotes":""},"categories":[16338,163],"tags":[29,24145,19394],"class_list":["post-777035690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-genting-group","tag-genting-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035690","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=777035690"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035690\/revisions"}],"predecessor-version":[{"id":777035695,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777035690\/revisions\/777035695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16750"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777035690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777035690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777035690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}