KUALA LUMPUR, Nov. 14 -- Genting Bhd has extended the closing date for its voluntary takeover bid for Genting Malaysia Bhd (GENM) to 5pm on December 1, pushing it back from the earlier deadline of November 24.

The extension follows the offer turning unconditional on November 3 after Genting and its concert parties crossed the 50 per cent shareholding threshold, The Edge reported yesterday.

"In view of the above, the present unconditional voluntary takeover offer has become an unconditional mandatory takeover offer on Nov 13," Genting's principal adviser AmInvestment Bank said in a statement.

The adviser also stated that Genting now holds 3.23 billion GENM shares, representing 57.008 per cent of the company's issued shares excluding tre...