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Parent company may tap Genting Singapore for more dividends, says DBS

The Edge Singapore
The Edge Singapore  • 2 min read
Parent company may tap Genting Singapore for more dividends, says DBS
Given Genting Singapore’s strong net cash position and robust free cash flow, paying more dividends will be the most probable avenue to support the group’s leverage / Photo: Bloomberg
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Genting Singapore's minority shareholders may enjoy indirect benefits from the privatisation bid of Genting Malaysia by Genting Berhad, according to DBS Group Research on Oct 14.

The latter is offering RM2.35 per share to acquire the remaining 50.64% of Genting Malaysia in a RM6.7 billion deal.

Genting Berhad plans to fund the deal with RM6.3bn of new debt.

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