KUALA LUMPUR, Oct. 13 -- Genting Bhd has announced plans to privatise Genting Malaysia Bhd (GENM) through a RM6.74 billion buyout, offering RM2.35 per share to minority shareholders.

The proposed acquisition involves 2.87 billion shares, representing 50.64 per cent equity interest in GENM, and will be financed through RM6.3 billion in debt and internally generated funds.

According to a takeover notice filed with Bursa Malaysia today, the offer represents a premium of approximately 18.5 per cent over GENM's five-day volume-weighted average market price up to October 8, 2025.

"The proposed privatisation will allow Genting Malaysia to pursue its long-term strategies and operational plans without the pressures of short-term market expectat...