TLDR Genting Bhd CEO clarified the 2025 takeover offer was about gaining majority control, not privatising Genting Malaysia Genting Bhd held a 49.36% stake before the offer; 75% is needed to delist Resorts World New York City launched as a full-service casino on April 28, 2026 CEO says New York property may soon outperform Resorts World Genting in Malaysia Both Genting Bhd and Genting Malaysia were removed from the MSCI Malaysia index in 2025
Genting Bhd’s chief executive has clarified the company’s plans for its subsidiary, Genting Malaysia. The takeover offer made in October 2025 was about getting majority control, not taking the company private.
CEO Tan Kong Han made the comments at Genting Bhd’s annual general meeting on Thursday. He was responding to shareholder questions about the group’s plans for Genting Malaysia.
The Takeover Explained
In October 2025, Genting Bhd made a conditional takeover offer for Genting Malaysia, valued at around US$1.59 billion. At the time, the parent company held a 49.36% stake in the subsidiary.
Tan said the goal was to push that holding above 50%, giving Genting Bhd statutory control. He said it was “lucky” the stake had already been raised, even though it remains below the 75% needed for a full privatisation or delisting.
A November 2025 filing from Genting Malaysia confirmed the move was designed to give the parent company statutory control. That same document said Genting Bhd did not intend to maintain Genting Malaysia’s listing on Bursa Securities.
However, the filing also outlined a longer-term plan. If Genting Bhd gained enough acceptances to delist, it intended to combine its US gaming assets with Genting Malaysia’s US operations and pursue a listing in the United States.
Both companies are listed on the Malaysian stock market. Genting Malaysia runs casino properties in Malaysia,