It acquired 407.06 million new RW Sentosa shares

Genting increases stake in Singapore project

(Singapore).- Genting International has increased its investment in the joint venture Resorts World At Sentosa Pte Ltd to us$ 342 million from us$ 76.8 million.
2007-02-07
Reading time 15 seg

Genting International said on January 31 that it had subscribed for 407.06 million new us$ 0.65 shares in RW Sentosa, the special purpose vehicle awarded the project to develop the integrated resort on Sentosa Island, Singapore.

It said the acquisition of the 407.06 million new RW Sentosa shares was largely financed from the proceeds raised from the us$ 276 million in convertible bonds.

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