KUALA LUMPUR: Genting Bhd
has made a conditional voluntary take-over offer for all the shares in Genting Malaysia Bhd it does not already own for RM2.35 cash per share.
In a bourse filing, the group said it is proposing to privatise Genting Malaysia via the acquisition of 2.87 billion shares or 50.64% equity in the subsidiary for a total consideration of RM6.74bil.
It will finance the purchase with RM6.3bil in debt financing and internally generated funds.
AmInvestment Bank Bhd has been appointed as the principal adviser to the offer, which is expected to be completed by the fourth quarter of 2025.
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