Genting Bhd’s Takeover of Genting Malaysia Becomes Mandatory Following Increased Stake

Genting Bhd’s ongoing voluntary takeover offer to acquire its subsidiary, Genting Malaysia Bhd (GenM), has shifted from an unconditional voluntary offer to a mandatory takeover offer (MO) after Genting surpassed the 50% ownership threshold in the latter company. The change in the nature of the offer follows Genting’s acquisition of an additional 2.02% of Genting Malaysia’s shares […]