The group continues with its attempts to buy the remaining shares in Genting Malaysia.
Malaysia.- Genting Berhad has announced the launch of a new MYR5bn (US$1.22bn) medium-term notes programme and issued another MYR1.35bn (US$328m) in notes aimed at refinancing debt and supporting its efforts to take complete control of Genting Malaysia. The move takes it recent fundraising to MYR3bn (US$729m) across four issuances in just a few weeks.
The MYR1.35bn in notes was issued through Genting RMTN Berhad and the MYR5bn via subsidiary Genting Vista Berhad. In both cases, filings state the objective is the part-financing of the intended acquisition of remaining Genting Malaysia shares.
Genting Bhd had made a takeover offer in a bid to delist Genting Malaysia. That closed on December 1 with the parent company having achieved a 73.13 per cent stake, below the 75 per cent threshold, but it has since resumed on-market purchases.
The group continues with its attempts to buy the remaining shares in Genting Malaysia. Malaysia.- Genting Berhad has announced the launch of a new MYR5bn (US$1.22bn) medium-term notes programme and…
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