Genting agrees to RM46m fine as part of settlement for complaint against Las Vegas resort
Should the settlement agreement be accepted by the commission, reports out of the US put it as the second largest fine imposed in Nevada’s gaming history.
Genting Plantations to get earnings boost from RM334m Melaka land sale — Kenanga
In a separate note, Kenanga Research was favourable of Scientex Bhd’s acquisition of the Melaka land.
Scientex buys Melaka land from Genting Plantations for RM333 mil cash
Scientex said the acquisition will boost its existing landbank, which aligns with the company’s goal to build more affordable homes, according to its filing.
Moody's sees sustained earnings growth for Genting but flags higher debt from NY expansion
"We project its consolidated capital spending will rise to RM6 billion to RM7 billion per annum in 2024 and 2025 from RM2.
GenM US unit says RAV Bahamas’ complaint baseless in US$600m lawsuit
“Genting Americas is of the view that the complaint is baseless and totally without merit and will vigorously defend against the complaint,” GenM said.
NCT Group tops out Grand Ion Majestic in Genting Highlands
Meanwhile, the remaining two towers are now 95% completed.
Genting Plantations’ Jakarta land acquisition raises net debt — Kenanga
Notably, Genting Plantations is acquiring 355 acres of land with Hak Guna Bangunan (with an initial tenure of up to 2028-2053, with extensions of 20 years + 30 years) in Sentul City, Bogor — a major satellite city of Greater Jakarta — for (Indonesian rupiah) IDR 2,052 billion (RM593 million).
Genting Plantations buys two Indonesian plots for RM593m for property development
The plots, measuring 152ha, are located in Sentul City, in the Bogor Regency of the West Java Province in Jakarta, according to GENP's bourse filing on Friday.
WCT surges to near five-year high after linked-company Malton buys Genting Highlands land
Malton said on Tuesday that it is acquiring 30.
