Genting Malaysia Berhad ("Company") today acquired 2,400,000 shares for a total consideration of RM12,854,069.95 at an average price of RM5.3559 each, inclusive of transaction costs. The share buy-back was made pursuant to the approval obtained from the Company's shareholders at the Company's Annual General Meeting held on 31 May 2017 and amendments to Bursa Malaysia Securities Berhad Main Market Listing Requirements arising from the implementation of the Companies Act 2016.
The resulting cumulative net outstanding treasury shares of 286,207,400 represent approximately 4.81989% of the Company's issued and paid-up share capital of 5,938,044,648 ordinary shares as at 15 March 2018.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....