General Announcement for PLC
15/08/2019I. PROPOSED ACQUISITION BY GENM OF SHARES IN EMPIRE RESORTS, INC., FROM KIEN HUAT REALTY III LIMITED (KH) II. PROPOSED JOINT VENTURE BETWEEN GENM AND KH TO PRIVATISE EMPIRE RESORTS, INC. (EMPIRE)
GENTING MALAYSIA BERHAD |
Type | Reply to Query |
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-14082019-00001 |
Subject | I. PROPOSED ACQUISITION BY GENM OF SHARES IN EMPIRE RESORTS, INC., FROM KIEN HUAT REALTY III LIMITED (KH) II. PROPOSED JOINT VENTURE BETWEEN GENM AND KH TO PRIVATISE EMPIRE RESORTS, INC. (EMPIRE) |
Description | GENTING MALAYSIA BERHAD ("GENM" OR "COMPANY") I. Proposed Acquisition by GENM of shares in Empire Resorts, Inc., from Kien Huat Realty III Limited ("KH") II. Proposed Joint Venture between GENM and KH to privatise Empire Resorts, Inc. ("EMPIRE") |
Query Letter Contents | We refer to your Company's announcement dated 6 August 2019, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities Malaysia Berhad with the following additional information for public release:-
1. Breakdown of preference stock and common stock and the details of the dilution from 46% to 35%.
2. Further details of the Proposed JV (as prescribed under Part B of Appendix 10A of Chapter 10 of the Main Market Listing Requirements).
3. Basis and justification of the Purchase Consideration.
4. The financial information of EMPIRE including the net profit/loss and net assets based on the latest available financial statements.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully
IRWAN JOHARI Assistant Vice President, Issuers Listing Regulation
IJ/AEV
cc:- Market Surveillance, Securities Commission (via fax) |
We refer to our announcement dated 6 August 2019 and the letter from Bursa Malaysia Securities Berhad dated 14 August 2019 in relation to the above. Please refer to the attached GENM's responses to the same. |
Please refer attachment below.
Attachments |
Announcement Info
Company Name | GENTING MALAYSIA BERHAD |
Stock Name | GENM |
Date Announced | 15 Aug 2019 |
Category | General Announcement for PLC |
Reference Number | GA1-15082019-00075 |