Wednesday, May 27, 2009

Two owners aim to sell Genting shares: term sheet

 
 

Sent to you by MarcG via Google Reader:

 
 

via EdgeSingapore RSS on 5/26/09

Two shareholders in Genting Singapore (GNTG.SI) are looking raise as much as $650 million from the sale of 853.8 million shares in the gaming firm, according to a term sheet seen by Thomson Reuters this morning.

Golden Hope Ltd and Lakewood Sdn Bhd are selling the shares at 72–76 cents a share, according to the term sheet, which said UBS (UBSN.VX) is a joint book-runner for the secondary placement.

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