Company Name
:
GENTING MALAYSIA BERHAD
Stock Name
:
GENM  
Date Announced
:
14/12/2012


Type
:
Announcement
Subject
:
OTHERS

Description
:
GENTING MALAYSIA BERHAD
Acquisition of new indirect subsidiaries

Announcement Details/Table Section :


Genting Malaysia Berhad ("GENM" or "Company") writes to inform that its indirect wholly-owned subsidiary, Genting (USA) Limited has subscribed for 50,000 shares of US$1/- each, representing the entire equity interest in BB Investment Holdings Ltd. ("BBI") for a total consideration of USD50,000/- for investment purposes. BBI was incorporated in the Commonwealth of The Bahamas ("The Bahamas") on 4 July 2012. BBI has interests in the following companies:

(a) BBI directly and beneficially owns the entire equity interest of RWBB Management Ltd. ("RWBB"), comprising 5,000 shares of B$1/- each. RWBB was incorporated in The Bahamas on 4 July 2012.

(b) BBI owns 50% equity interest in BB Entertainment Ltd. ("BBE"), a company incorporated in The Bahamas on 18 July 2012.

None of the Directors and/or major shareholders of the Company and/or persons connected with them is deemed interested in the aforesaid acquisition.

The acquisition of the aforesaid new subsidiaries is not expected to have any effect on GENM's profit for the financial year ending 31 December 2012.

This announcement is dated 14 December 2012.


© 2012, Bursa Malaysia Berhad. All Rights Reserved.


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