GENTING – NEW ISSUE OF SECURITIES

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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