Tuesday, August 24, 2010

#Flash* Genting Malaysia slips as poll underway for UK casino acquisition

KUALA LUMPUR: Shares of Genting Malaysia fell in late afternoon trade on Tuesday, Aug 24 as investors awaited shareholders' approval for the UK casino business from Genting Singapore plc

At 4.10pm, GentingM is down seven sen to RM3.07 with 11.9 million shares done.

The FBM KLCI is down 2.4 points to 1,400.75. Turnover is 686.22 million shares done valued at RM1.26 billion. Declining stocks beat advancers 566 to 171.

A poll is underway now at the GentingM shareholders meeting to decide the outcome of the controversial decision to acquire the casino businesses for 340 million pound sterling.

It was learnt that the representatives of two large shareholders had requested for the poll instead of a show of hands.

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