Company Name
:
GENTING MALAYSIA BERHAD
Stock Name
:
GENM  
Date Announced
:
12/09/2014


Type
:
Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS

Description
:
GENTING MALAYSIA BERHAD (the "Company" or "GENM")
ACQUISITION OF LAND FROM RAV BAHAMAS LIMITED

Attachments
:
Announcement Capo land GENM-RAV.pdf

Announcement Details/Table Section :


The Board of Directors of GENM wishes to announce that GENM's indirect 70%-owned subsidiary, BB Entertainment Limited ("BBEL") had on 11 September 2014 entered into an Agreement for Purchase, Sale and Contribution of Assets to acquirea piece of land from RAV Bahamas Limited, a shareholder of BBEL with a 30% interest currently, for a consideration of US$24.6 million (equivalent to approximately RM78.7 million at an exchange rate of US$1.0:RM3.2).

Please refer to the attached announcement for further details.

This announcement is dated 12 September 2014.


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