Genting Int’l invests another RM456m in Resorts World at Sentosa

KUALA LUMPUR: Genting International Plc is pumping in additional S$200 million (RM456.12 million) investment in its wholly owned Resorts World at Sentosa Pte Ltd (RWS) by subscribing to 200 million new shares in the company.

In a statement yesterday, Genting International said the new investment, made via its wholly-owned subsidiary Star Eagle Holdings Ltd, increased its investment in RWS to S$1.1 billion from S$900 million.

Genting International had used proceeds from its three-for-five rights issue of 3.61 million shares at 60 cents apiece for the S$200 million subscription.

Resorts World at Sentosa, a family resort with an estimated investment of S$5 billion, is targeted for completion in 2010.

Source