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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS GENTING MALAYSIA BERHAD ("GENM" OR THE "COMPANY") PROPOSED DISPOSAL OF FOUR PARCELS OF LAND IN MIAMI FOR A TOTAL CASH CONSIDERATION OF USD 1.225 BILLION ("PROPOSED DISPOSAL")

GENTING MALAYSIA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
GENTING MALAYSIA BERHAD ("GENM" OR THE "COMPANY")

PROPOSED DISPOSAL OF FOUR PARCELS OF LAND IN MIAMI FOR A TOTAL CASH CONSIDERATION OF USD 1.225 BILLION ("PROPOSED DISPOSAL")

We refer to the announcements dated 27 April 2023, 2 May 2023 and 11 May 2023 in relation to the Proposed Disposal (collectively, “Earlier Announcements”). Unless otherwise defined, the definitions used throughout this announcement, shall have the same meaning(s) as those used in the Earlier Announcements.

 

On behalf of the Company, AmInvestment Bank wishes to announce that RW Miami and Genting Florida, LLC (GENM’s wholly-owned subsidiary) (“Genting Florida”) had on 17 May 2023 (United States Eastern date/time) entered into an amendment agreement to the SPA (“Amendment SPA”) with the Purchaser to amend the terms of the SPA to, among others, to reflect the Purchaser’s Election to Convert and to include Genting Florida as a party to the SPA.

 

Further details of the Proposed Disposal are set out in the attachment.

 

This announcement is dated 18 May 2023.




Please refer attachment below.



Announcement Info

Company Name GENTING MALAYSIA BERHAD
Stock Name GENM
Date Announced 18 May 2023
Category General Announcement for PLC
Reference Number GA1-18052023-00070




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