Genting Bhd proposes US$306 million rights issue to cut debt, with Lim family backing

Genting shares tumble most since 1998 on rights issue plan

Genting is grappling with mounting debt and falling profitability Read more at The Business Times.

Genting Shares Tumble Most Since 1998 on Rights Issue Plan

Shares in Malaysia’s Genting tumble by most in 28 years

The gaming giant, which is grappling with mounting debt and falling profitability, announced fundraising plans through a rights issue.

Genting Bhd proposes US$306 million rights issue to cut debt, with Lim family backing

Malaysian gaming giant Genting Berhad has announced a proposed renounceable rights issue of new ordinary shares in the company, with […]

Maybank warns Genting Berhad may need more equity funding after $306M rights issue

Genting’s proposed $306 million rights issue offers limited debt relief and risks further equity fundraising, according to Maybank. The post Maybank warns Genting Berhad may need more equity funding after $306M rights issue first appeared on Asia Gaming News | AGB - Asia Gaming Brief.