On behalf of the Board of Directors of Genting Berhad (“GENT” or the “Company”), CIMB Investment Bank Berhad wishes to announce that GENT proposes to implement the following: 

(i)             Proposed declaration of a special interim cash dividend of RM0.50 less 25% income tax for every ordinary share RM0.10 each in GENT (“Shares”) (“Proposed Special Interim Cash Dividend”);  

(ii)            Proposed non-renounceable restricted issue of up to 929,871,192 new warrants in GENT (“Warrants”) at an issue price of RM1.50 per Warrant on the basis of 1 Warrant for every 4 existing Shares held by the Company’s shareholders (“Proposed Restricted Issue of Warrants”) on an entitlement date to be determined; and 

(iii)           Proposed exemption to Kien Huat Realty Sdn Berhad (“KHR”) and persons acting in concert with it (“PACs”) from the obligation to undertake a mandatory take-over offer on the remaining voting shares in GENT not already held by KHR and the PACs upon the exercise of the Warrants by KHR and/or the PACs (“Proposed Exemption”) 

(collectively referred to as the “Proposals”).

Please refer to the attachment for the full announcement in relation to the Proposals.

Company Announcements | Bursa Malaysia Market.


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