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
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http://www.ocbcresearch.com/
2016-06-21
OCBC Securities
SGX Stock
Analyst Report
0.72
Same
0.72
