Tag: plots
Miami land deal boosts credit rating for GEN Bhd, says Moody’s
Casino investor Genting Malaysia Bhd’s proposed disposal of several land plots in Miami, Florida in the United States, can boost the consolidated liquidity of its parent, Genting Bhd, says Moody’s Investors Service Inc. The ratings house adds that post transaction, Genting Bhd’s cash holdings on a pro forma basis are expected to be MYR27.3 billion […]
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GEN Malaysia to Offer Miami Plots for Sale at a Price of $1.2 Billion
Global casino operator Genting Malaysia Bhd says one of its units has a “conditional sale and purchase agreement” for the disposal of several land plots in Miami, Florida, in the United States, for a total cash consideration of just below US$1.23 billion. The firm said it expected a gain on disposal of US$967 million, according […]
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