The offer is conditional upon Genting receiving enough acceptance to raise its shareholding above 50% of the voting shares in Genting Malaysia.
Genting Bhd plans to buy out and delist its unit Genting Malaysia Bhd in a deal worth RM6.7 billion.
The offer to minority shareholders is equivalent to RM2.35 per share, according to the takeover notice posted to Bursa Malaysia on Monday. The price tag is a premium of nearly 10% to Genting Malaysia's last price of RM2.14 last Friday before trading of the stock was suspended for the announcement.
