PETALING JAYA: Shares of Genting Malaysia Berhad spiked 2.5% or 8 sen to RM3.25 at noon today, on the same day the government announced the casino operator is buying luxury superyacht Equanimity for US$126 million (RM511.5 million).
The volume traded for the company was at 2.7 million shares.
Equanimity was at the centre of the 1MDB controversy, and is named by US investigators as among assets bought by businessman Low Taek Jho using money stolen from the scandal-plagued company.
The sale of Equanimity is the first major asset sale by Putrajaya to recover billions lost from the troubled fund.
Meanwhile, Genting said it was buying the Equanimity together with bunkers, fuel, lubricants and other existing consumables on board.
It said the acquisition would allow it to differentiate itself from its competitors and provide the company with a unique and competitive edge for its premium customers business.
It said the purchase of the yacht would not affect its consolidated earnings, net assets and gearing for the financial year ending Dec 31, 2019. - FMT
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