GENTING

2.830

-0.03 (-1%)

TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

GENTING BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
GENTING BERHAD ("GENT" OR "COMPANY")

UNCONDITIONAL TAKE-OVER OFFER BY GENT TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN GENTING MALAYSIA BERHAD (EXCLUDING TREASURY SHARES) NOT ALREADY HELD BY GENT FOR A CASH OFFER PRICE OF RM2.35 PER OFFER SHARE ("OFFER")

Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as those given to them in the Offer Document dated 3 November 2025.

 

As at 13 May 2025, being the beginning of the 6-month period prior to and including 13 November 2025 (“Period”), GENT and the PACs collectively held a total of 2,802,302,634 GENM Shares, representing 49.44% of the total issued GENM Shares (excluding treasury shares), which is more than 33% but not more than 50% of the total issued GENM Shares (excluding treasury shares).

 

On behalf of GENT, AmInvestment Bank wishes to announce that GENT has on Thursday, 13 November 2025, acquired a total of 34,929,300 GENM Shares from the open market. Following the above, and excluding Valid Acceptances received, GENT and the PACs have collectively acquired a total of 114,469,300 GENM Shares during the Period, representing 2.02% of the total issued GENM Shares (excluding treasury shares), at prices not exceeding the Offer Price of RM2.35 per Offer Share.

 

As GENT and the PACs have acquired (other than through Valid Acceptances received) more than 2% of GENM Shares during the Period, GENT is required under paragraph 4.01(b) of the Rules to extend a mandatory take-over offer (“MO”) to acquire all the remaining GENM Shares (excluding treasury shares) not already held by GENT.

 

In view of the above, the present unconditional voluntary take-over offer has become an unconditional MO on 13 November 2025 in accordance with note 14 of paragraph 4.01 of the Rules.

 

GENT and the PACs have not purchased nor agreed to purchase any GENM Shares at a price (excluding stamp duty and commission) higher than the Offer Price in the 6 months prior to the commencement of the Offer Period and during the Offer Period, up to and including 13 November 2025. As such, there is no requirement for GENT to revise the Offer Price upwards in accordance with subparagraph 6.03(1) of the Rules.

 

For the avoidance of doubt, the Offer will continue to be undertaken solely by GENT and is extended to the PACs.

 

Further to the above, on behalf of GENT, AmInvestment Bank wishes to announce that the closing time and date for the acceptance of the Offer has been extended from 5:00 p.m. (Malaysian time) on Monday, 24 November 2025 to 5:00 p.m. (Malaysian time) on Monday, 1 December 2025 (“Extended Closing Date”).

 

Other than the Offer becoming an unconditional MO and the Extended Closing Date, all other terms and conditions of the Offer as set out in the Offer Document remain unchanged.

 

A notification will be dispatched to the shareholders of GENM in due course to notify, amongst others, the details of the matters above.

 

Please refer to the attached press notice for further information.

 

 

This announcement is dated 13 November 2025.




Please refer attachment below.



Announcement Info

Company Name GENTING BERHAD
Stock Name GENTING
Date Announced 13 Nov 2025
Category General Announcement for PLC
Reference Number GA1-13112025-00039