Genting Berhad

Genting Berhad is the investment holding and management company of Genting Group. Genting Group was founded by the late Tan Sri 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 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 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, Asiatic Development Berhad now has over 80,000 hectares of land in Malaysia and has entered a joint venture to develop more land in 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 on Bursa Malaysia of Resorts World Bhd and resulted in Genting Berhad 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 is one of the largest listed companies in Malaysia with a market capitalisation of about RM29.26 billion (US$8.85 billion) as at 31 December 2007. The authorised share capital of Genting Berhad was RM800 million (comprising 8 billion shares of RM0.10 each) and the issued and paid-up share capital of Genting Berhad was RM369.7 million (comprising 3,697 million shares of RM0.10 each) as at 31 December 2007.

Genting Berhad’s registered office is located at 24th Floor, Wisma Genting, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia.