Genting Malaysia’s unit inks merger agreement with Empire Resorts | Malay Mail

Hercules Topco LLC, which is 49 per cent owned by Genting Malaysia Bhd via subsidiary Genting Ltd, has inked a merger agreement with Empire Resorts Inc, which entails buying out Empire’s minority shareholders at US$9.74 per share. — Reuters pic

In a filing with Bursa Malaysia today, GenM said the qualified shareholders did not include those who had elected to dissent from the proposed merger and were seeking appraisal rights as well as shareholders of cancelled shares. On Sunday, when the merger agreement was signed, GenUSA and Kien Huat Realty III Ltd received 49 per cent and 51 per cent membership interest in Hercules Topco, respectively.

As part of the proposed merger and in accordance with the merger agreement, qualified shareholders of Empire common stock will be entitled to receive US$9.74 in cash from Hercules Topco for each share held in Empire.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EPF i-Invest online platform enables unit trust investment directly from EPF account | Malay MailKUALA LUMPUR, Aug 19 — Eligible members of the Employees Provident Fund (EPF) can now make an informed investment of unit trust funds offered by EPF-approved Fund Management Institutions (FMIs) through the self-service i-Invest online platform within the i-Akaun portal. For members...
Source: malaymail - 🏆 1. / 86 Read more »