Genting Singapore will not tap shareholders for Japan IR bid
04 Feb 2020, 04:57 pm
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SINGAPORE (Feb 4): Genting Singapore has won overwhelming approval from shareholders to spend up to US$10 billion to invest in a possible new project in Japan.

The integrated resort operator has also reiterated that if it wins the project, funding will come from existing cash, borrowings, and potential local partners. Genting Singapore will not tap existing shareholders to fund the project.

Genting Singapore has also stated its “target” to maintain its dividend payout, which was 3.5 Singapore cents for both FY2018 and FY2017.

For the full story, visit www.theedgesingapore.com.

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