Genting Bhd to take Genting Malaysia private for $2.1b
GENT has launched an offer at $0.72 per share.
Genting Bhd (GENT) announced plans to take majority ownership of its subsidiary Genting Malaysia (GENM) for RM6.7b (S$2.1b)
GENT, which currently holds 49.4% of GENM, launched a conditional voluntary takeover offer for GENM at RM2.35 ($0.72) a share, up from GENM’s last-traded price of RM2.14 ($0.66) on Friday, the company said in an exchange filing last 13 October 2025.
The acquisition would lead to the gaming and hospitality arm’s delisting from Bursa Malaysia and enable GENT to streamline capital allocation and support large-scale investments.
Trading in shares of GENT and GENM ended Monday following the acquisition announcement. GENT closed at RM2.86 ($0.88).
RM1 = $0.31 as of 14 October 2025 (data from Refintiv via Google)