Genting Berhad purchased a 9.4% stake in Rank Group Plc, the second largest casino and bingo company in UK. This definitely continues an aggressive expansion by Genting. Justin Leong declined to comment in an interview by Bloomberg.
With Genting's purchase, Rank's stock price went up 8.7%, making it to be 426.7 Million Pounds, which is close to RM3 Billion.
For full news, read here in Bloomberg
Tuesday, December 04, 2007
Genting has purchased 9.4% stake of Rank
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