The parent company has increased its holding through open-market purchases following its unsuccessful takeover offer.
Malaysia.- Genting Berhad has increased its controlling stake in casino operator Genting Malaysia to 73.859 per cent through open-market share purchases. That brings it closer to the 75 per cent threshold that could allow it to take the listed subsidiary private.
The updated ownership level was disclosed in filings with Bursa Malaysia. It follows the failure of Genting Berhad’s takeover offer in late 2025, after which it held 73.133 per cent of Genting Malaysia. Recent market purchases were made at around MYR1.97 (US$0.50) per share, below the MYR2.35 (US$0.60) per share price offered during the takeover bid launched in October 2025.
Under listing rules, companies seeking to delist must first obtain sufficient ownership and then make an offer to remaining shareholders. The process could still be challenged if more than 10 per cent of minority investors oppose the proposal.
The parent company has increased its holding through open-market purchases following its unsuccessful takeover offer. Malaysia.- Genting Berhad has increased its controlling stake in casino operator Genting Malaysia to 73.859 per cent through open-market share purchases. That brings it closer to the 75 per cent threshold that could allow it to take the listed subsidiary…
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