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Genting Berhad
Genting Berhad is the investment
holding and management company of Genting Group. Genting Group was founded by
the late Tan Sri (Dr.) Lim Goh Tong in 1965 when he began the initial
development works of building a 20-kilometre private access road, across tough
mountainous terrains from the foothills to the summit of Mount Ulu Kali, located
at 2,000 metres above sea level.
The company was incorporated under the Companies Act
1965 on 30 July 1968 under the original name of Genting Highlands Hotel Sdn Bhd
to operate a hotel and casino, and to develop an integrated tourist complex in
Genting Highlands, Malaysia. Genting’s company registration number is 7916-A.
The company changed its name to Genting Highlands Hotel Berhad upon its its
conversion into a public company on 24 July 1970. It assumed its present name of
Genting Berhad on 9 June 1978.
Genting Berhad is 39.6% owned by Kien Huat Realty
Sdn Bhd, a private company controlled by the late Tan Sri (Dr.) Lim Goh Tong’s
family. Genting Group via
Genting Berhad became involved in palm oil production in 1980 with the
acquisition of The Rubber Trust Group, comprising three Hong Kong plantation
companies which owns approximately 13,660 hectares of plantation land in
Peninsular Malaysia. This division under listed entity Genting Plantations
Berhad now has about 134,000 hectares of land in Malaysia and Indonesia. It is
one of the leading and lowest cost palm oil producers in Malaysia.
The shares of Genting Berhad were listed on the Main
Board of Bursa Malaysia (formerly known as the Kuala Lumpur Stock Exchange) in
1971. A restructuring exercise was undertaken in 1989, which involved the
initial public offering and listing of Genting Malaysia Berhad on Bursa Malaysia
and resulted in Genting Berhad's becoming an investment and management company.
Genting Group via Genting Berhad became involved in
the electricity power generation and supply and the paper manufacturing
businesses in 1994, with the acquisition of Genting International Paper Holdings
Limited, and in the exploration and production of oil and gas in 1996 under
Genting Oil & Gas Limited. In July 2007, the Group divested its paper and
packaging business to focus on its core businesses.
Genting Berhad's registered office is located at
24th Floor, Wisma Genting, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia.
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