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Bond Market News
Genting To Acquire Malaysian Subsidiary
October 15, 2025
Genting Group plans to buy out the remaining 50.6% of Genting Malaysia it doesn’t already own for MYR 6.7bn ($1.6bn), aiming to consolidate its global casino and hospitality operations. The company will acquire about 2.9bn shares at MYR 2.35 per share in cash and subsequently delist Genting Malaysia from Bursa Malaysia, according to an exchange filing. The purchase will be funded through loans and internal resources, with no completion timeline yet disclosed. Full ownership is expected to bolster Genting’s finances and support major expansion plans, including a potential $5.5bn casino project in New York’s Queens if the group secures a new gaming license. Shares of Genting Malaysia surged 8.9%, while the parent company’s stock rose 3.9% after the announcement.
Genting’s dollar bonds traded stable its 4.25% 2027s at 99.4, yielding 4.72%
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