General Announcement for PLC

15/08/2019

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)

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.



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


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