Genting Malaysia to Stay Listed After Privatization Bid Flops

Genting Malaysia Bhd. will remain listed after Genting Bhd. said it secured a 73.13% stake in its offer to take its Malaysian unit private.

Gaming giant Genting had offered 2.35 ringgit per share for the remaining 50.64% interest in Genting Malaysia that it did not already own. The offer represented a 9.8% premium to the Malaysian unit’s price before the takeover bid.