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发表于 9-12-2008 03:26 PM
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PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN GENTING RETAIL CONCEPTS LIMITED
PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN GENTING RETAIL CONCEPTS LIMITED
BY RESORTS WORLD LIMITED, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
We wish to inform that Resorts World Limited ("RWL"), an indirect wholly-owned
subsidiary of the Company, has acquired 1 ordinary share of USD1/- representing
the entire issued and paid-up share capital of Genting Retail Concepts Limited
(formerly known as Ambani Limited) ("GRC") from Genting Berhad ("GB"), a
company which owns 48.24% equity interest in Resorts World Bhd ("RWB"), for
cash consideration of USD1/- ("Proposed Acquisition").
GRC was incorporated on 23 September 2008 in the Isle of Man as an investment
holding company and was acquired for cash at par by Genting Berhad on 25
September 2008 as its wholly-owned subsidiary. GRC in turn owns the entire
issued and paid-up capital of USD1/- in VendWorld LLC ("VendWorld"). VendWorld
was incorporated by GRC on 6 October 2008 in the State of Delaware, United
States of America and the principal activity is investment purpose. Both GRC
and VendWorld have not commenced business since the date of their
incorporation.
The Proposed Acquisition is not expected to have any effect on the group's
profit for 2008 and have no impact on the net assets and earnings per share of
the Resorts World Bhd Group for the financial year ending 31 December 2008.
Other than disclosed below, none of the Directors and major shareholders of the
Company and/or persons connected with them has any interest, direct or indirect
in the Proposed Acquisition:-
(a) Tan Sri Lim Kok Thay is the Chairman and Chief Executive, a shareholder and
a share option holder of both RWB and GB.
(b) Tun Mohammed Hanif bin Omar is the Deputy Chairman, a shareholder and a
share option holder of both RWB and GB.
(c) Mr Quah Chek Tin, an Independent Non-Executive Director and a shareholder
of RWB, is also an Independent Non-Executive Director, a shareholder and a
share option holder of GB.
(d) Tan Sri Dr. Lin See Yan, an Independent Non-Executive Director and a
shareholder of RWB, is also an Independent Non-Executive Director of GB.
Yours faithfully
RESORTS WORLD BHD
LOH BEE HONG
Company Secretary
01/12/2008 06:24 PM |
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