No, Genting Berhad (Genting) cannot trigger a mandatory squeeze-out offer for the remaining shares of Genting Malaysia Berhad (GENM) just by reaching the 75% threshold after the offer's closing date.
Here's a breakdown of the situation based on the Malaysian Code on Take-Overs and Mergers:
Offer Lapsed: Genting's takeover offer for GENM officially closed on December 1, 2025, with Genting securing only a 73.13% interest. The offer lapsed because it did not meet the 75% threshold required for delisting the company, which Genting had initially indicated as its intention if it crossed that level.
Squeeze-Out Threshold: To trigger a compulsory acquisition (squeeze-out) of remaining minority shares under Malaysian law (specifically the Capital Markets and Services Act), the offeror must have received acceptances of not less than 90% of the nominal value of the offer shares (shares not already held by the offeror or persons acting in concert). The 75% threshold allows the bidder to ensure special resolutions are passed in a shareholders' meeting but not to force a compulsory sale of shares from all remaining minorities.
Post-Offer Acquisitions: Genting has continued to acquire shares in the open market following the offer's close, reaching a slightly higher percentage (around 73.8% as of December 4, 2025). However, the rules restrict an acquirer from purchasing more than 2% of the listed company in the 12 months following a lapsed offer, which limits how quickly Genting can approach the 90% threshold through market purchases.
In summary, because the offer has closed and the 90% compulsory acquisition threshold was not met, a mandatory squeeze-out cannot be triggered at this time. Genting would need to launch a new, successful takeover bid or use other complex legal mechanisms, subject to regulatory approval and time restrictions, to pursue full privatization.

Post-Offer Acquisitions: Genting has continued to acquire shares in the open market following the offer's close, reaching a slightly higher percentage (around 73.8% as of December 4, 2025). However, the rules restrict an acquirer from purchasing more than 2% of the listed company in the 12 months following a lapsed offer, which limits how quickly Genting can approach the 90% threshold through market purchases

Genting cannot buy the balance 2% needed now but that won't stop LKT mahjong kaki and golfing kaki from buying...the reso later to delist WILL have the 75% shareholder approval. Dont be surprise even his driver, nanny and gardener hold 1% in total now. Source of fund... "pinjam dari boss". Remaining shareholder will end up having share in Sdn Bhd with no open market value...no future dividend.