Lim Kok Thay, in his position as executive chairman of Genting Berhad, the indirect controlling shareholder of Genting Singapore, has received an “unsolicited” approach for its shares in the latter, says Genting Singapore.
However, the approach “has not been pursued”.
Genting Singapore was responding Singapore Exchange’s queries unusual trading queries from the Singapore Exchange last Friday.
Lim holds the same executive chairman position at Genting Singapore.
Genting Singapore did not name which is party or parties that made the approach.
According to Bloomberg, US casino operator MGM International made overtures to buy over Genting Singapore, which operates Resorts World Sentosa.
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Genting Singapore’s share price rose as much as 9.3% on Friday, July 15, to 82 cents, before easing to 81 cents, before trading halt was called.
