Malaysia Bhd’s recent proposal to sell its entire 17.81% stake in Genting Hong Kong Ltd does not signify the start of any further restructuring of the company as the latter is among the last of its remaining non-core assets.
A senior analyst who tracks the hospitality and leisure group closely says apart from this stake and some preference shares in Pan Malaysian Pools Sdn Bhd, Genting Malaysia does not have any more non-core assets.
“We are however neutral on this recent development as it has already been anticipated by the market for some time,” he says.
Genting Malaysia owns and operates major properties including Resorts World Genting, Resorts World Casino New York City in the US, more than 40 casinos in Britain and Resorts World Bimini in the Bahamas.
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A senior analyst who tracks the hospitality and leisure group closely says apart from this stake and some preference shares in Pan Malaysian Pools Sdn Bhd, Genting Malaysia does not have any more non-core assets.
“We are however neutral on this recent development as it has already been anticipated by the market for some time,” he says.
Genting Malaysia owns and operates major properties including Resorts World Genting, Resorts World Casino New York City in the US, more than 40 casinos in Britain and Resorts World Bimini in the Bahamas.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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