Genting Bhd has announced plans to privatise Genting Malaysia Bhd (GENM) through a RM6.74 billion buyout, offering RM2.35 per share to minority shareholders.

The proposed acquisition involves 2.87 billion shares, representing 50.64 per cent equity interest in GENM, and will be financed through RM6.3 billion in debt and internally generated funds.

According to a takeover notice filed with Bursa Malaysia today, the offer represents a premium of approximately 18.5 per cent over GENM’s five-day volume-weighted average market price up to October 8, 2025.

“The proposed privatisation will allow Genting Malaysia to pursue its long-term strategies and operational plans without the pressures of short-term market expectations,” Genting Bhd said in the filing.

The deal will be executed via a selective capital reduction and repayment exercise, subject to shareholder and regulatory approvals.

Genting currently holds a 49.36 per cent stake in GENM and aims to consolidate control to streamline decision-making and enhance operational efficiency.

The offer is conditional upon Genting receiving sufficient acceptances to push its stake beyond the 50 per cent threshold.

Once the offer becomes unconditional, Genting must accept all valid acceptances submitted by the closing date.

The company said it does not intend to maintain GENM’s listing status and will apply to Bursa Securities for delisting if its aggregate holding reaches 90 per cent.

It will also seek delisting if the public shareholding spread falls below the required 25 per cent as a result of the offer.

GENM, listed on the Main Board of Bursa Malaysia since December 22, 1989, is primarily involved in leisure and hospitality services, including the integrated resort business at Genting Highlands.

The company also operates internationally in the United States, United Kingdom and the Bahamas.

In the financial year ended December 31, 2024, GENM posted a profit after tax and minority interest of RM251.2 million, with consolidated net assets of RM11.92 billion.

“If the bid is successful, significant capital investment is required to implement the abovementioned proposal,” Genting said.

“In this regard, Genting believes that with control over Genting Malaysia clearly established through its majority ownership of Genting Malaysia shares, the overall financial profile of Genting Malaysia will be further enhanced as Genting will be better placed to lend the Genting Group’s financial strength and network to support the development of this significant project,” it added.

https://www.malaymail.com/news/money/2025/1...eholders/194459

Impossible.

U need 40.64% more which a big chunk are held by institution & funds.

Those won't budge for RM2.35.

The strategy is just to get over 50.1%

This post has been edited by scorgio: Oct 13 2025, 08:30 PM

Just sell all genm and buy gent instead since gent damn cheap now

All-in Genting ?

how this work? > 50% can already or how?

The price already declare the price won't exceed 2 35 as nobody wanna be sozai

This post has been edited by dest9116: Oct 13 2025, 08:53 PM

Bankrupt jer

Sell now else blue eye later

Back in 2017 they used to price around 5.50-6. Wan ppl sell at 2.35? Those buy tat time just gona HODL

Got 450 lots @ RM2.23 , earn abit only if sell @ RM2.35 . Will hold and c 1st

must be know Pahang state gonna take over by PAS/PN at upcoming GE, so better take business out of country...

casino days are numbered then

wow!!! 50mil shares transacted in 1min

i think the big players have made their moves.

U might be right

Those long term shareholder already suffer decades of poor return. Now angker lim just put the final nail to the coffin of these shareholder.

Anything with Genting, RW in it, stay away.

This post has been edited by Singh_Kalan: Oct 14 2025, 10:37 AM

They memang focus their bisnes at outside long time d. Genting msia already ditirikan since years ago. U go ask the workers especially casino one n their vip customers. If all oc them puji genting..i run nakid in my room

anyone missed the boat?

Genting plantations bhd ok right?

many uncle dont know US casino loss making for a decade and low dividend .