Genting Bhd ups Landmarks stake to 30.28%

27-11-2007: Genting ups Landmarks stake to 30.28%

KUALA LUMPUR: Genting Bhd continued to accumulate shares of Landmarks Bhd, acquiring 2.87 million shares from Nov 19 to 23 to increase its stake to 145.55 million shares, or 30.28%.

A filing with Bursa Malaysia showed the shares were acquired by Genting’s unit Phoenix Spectrum Sdn Bhd.

It acquired 130,000 shares at RM3.18 apiece on Nov 19 and another 1.18 million shares the next day at RM3.159 each.

On Nov 21, it bought 1.2 million shares for RM3.16 apiece, another 306,000 shares for RM3.10 each on Nov 22 and another 60,000 shares at RM3.10 each on Nov 23.

Landmarks closed two sen lower at RM3.10 yesterday.