Genting Berhad has announced a conditional voluntary takeover offer for all remaining ordinary shares in its subsidiary, Genting Malaysia Berhad, in a move that could lead to the company's privatisation.
According to a filing with Bursa Malaysia, Genting Malaysia's Board of Directors confirmed receipt of the formal offer notice on 13 October 2025 from AmInvestment Bank Berhad, acting on behalf of Genting Berhad.
The parent company is offering RM2.35 ($0.56) per share for all shares not already held by the offeror, excluding treasury shares.
Genting Berhad currently owns just under 50% of Genting Malaysia and intends to acquire the balance of outstanding shares. Should the offer succeed, it would pave the way for Genting Malaysia's delisting from the Malaysian stock exchange.
The proposed RM2.35 per share offer represents a premium ranging from 9.81% to 22.9% over recent traded prices.
The total potential cash outlay for the acquisition is estimated at RM6.74bn, covering nearly three billion shares.
Prior to the announcement, Genting Malaysia's shares closed at RM2.14, with trading suspended ahead of the official notice.
The offer comes after a relatively strong second quarter for Genting Malaysia, which reported improved revenue and EBITDA following a softer start to 2025. The company attributed its recovery to steady domestic and international tourism demand and expressed cautious optimism for continued regional gaming growth.
Copies of the offer notice will be circulated to shareholders within seven days, in line with regulatory requirements
