Genting Singapore - OCBC Investment 2016-06-21: Subscribed for more shares in Landing Jeju Development

Genting Singapore - OCBC Investment 2016-06-21: Subscribed for more shares in Landing Jeju Development GENTING SINGAPORE PLC G13.SI 

Genting Singapore: Subscribed for more shares in Landing Jeju Development

  • In relation to its investment in a Jeju Integrated Resort, Genting Singapore has subscribed for an additional 15m of new ordinary shares in Landing Jeju Development (LJDC) for a total subscription amount of approx. S$176.7m, through indirect wholly-owned subsidiary Happy Bay
  • Happy Bay’s and Landing International Development Limited’s respective 50% equity interests in LJDC remain unchanged following the additional equity investment. 
  • We are positive on Genting's stake in Resorts World Jeju
  • We currently have a HOLD rating with a fair value of S$0.72.




Deborah Ong OCBC Securities | http://www.ocbcresearch.com/ 2016-06-21
OCBC Securities SGX Stock Analyst Report HOLD Maintain HOLD 0.72 Same 0.72


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