(Reuters) - Malaysia's sole casino operator Genting Malaysia Bhd has won the bid for Pan Malaysian Pools Sdn Bhd, the numbers forecast operator owned by Tanjong Plc, The Sun newspaper reported, citing sources.
Genting Malaysia's bid for Pan Malaysian Pools, valued at 2 billion ringgit ($660.8 million), edged out bids from Olympia Industries Bhd , Rimbunan Hijau, the Cheng family, which operates slot machines in the capital Kuala Lumpur, Filipino gaming tycoon Roberto Bobby Ongpin and Lim Kang Hong of Ekovest Bhd , the report said.
The numbers forecast operator was put up for sale after its owner, Malaysian billionaire Ananda Krishnan, took Tanjong private in a $1.5 billion deal last year.
Genting Malaysia shares closed the morning trading session up 3 percent at 3.79 ringgit, while the benchmark stock index was up 0.3 percent at 1,548.93.
Genting declined to comment on the report when contacted by Reuters, while Tanjong and Krishnan was not immediately available for comment.
($1 = 3.027 Ringgit) (Reporting by Julie Goh)
The Most Essential Lesson for all Investors - Koon Yew Yin
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*The Most Essential Lesson for all Investors - Koon Yew Yin *
*Author: Koon Yew Yin | Publish date: Sat, 21 Nov 2015, 11:02 AM *
Many of my close friends an...
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