<div class=newsTextDataWrapInner>KUALA LUMPUR: Genting Malaysia Bhd’s acquisition of the casino business in the United Kingdom from Genting Singapore plc will be reduced to £351.5 million from £340.0 million.</div>
<div class=newsTextDataWrapInner>Genting Malaysia said on Tuesday, Sept 21 the lower acquisition cost was due to the lower net debt position at £74.4 million as at June 20 compared with the net debt amount of £85.9 million as at May 31.</div>
<div class=newsTextDataWrapInner>“In accordance with the terms of the sales and purchase agreement, the purchase consideration will be revised by the net debt difference from £340.0 million to £351.5 million to reflect the reduction in net debt.</div><div class=inPageAd id=div-gpt-ad-inpage></div>
<div class=newsTextDataWrapInner>“Genting Malaysia had on Sept 20, obtained the relevant approval from the British Gambling Commission for the proposed acquisition,” it said.</div>

KUALA LUMPUR: Genting Malaysia Bhd’s acquisition of the casino business in the United Kingdom from Genting Singapore plc will be reduced to £351.5 million from £340.0 million.
Genting Malaysia said on Tuesday, Sept 21 the lower acquisition cost was due to the lower net debt position at £74.4 million as at June 20 compared with the net debt amount of £85.9 million as at May 31.
“In accordance with the terms of the sales and purchase agreement, the purchase consideration will be revised by the net debt difference from £340.0 million to £351.5 million to reflect the reduction in net debt.
“Genting Malaysia had on Sept 20, obtained the relevant approval from the British Gambling Commission for the proposed acquisition,” it said.

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