Genting Singapore Ltd, the promoter of Singapore’s Resorts World Sentosa casino complex, granted on Monday a total of SGD1.7-million (US$1.3-million) worth of performance-based shares to directors of the firm, including Lim Kok Thay (pictured), its executive chairman and current head of the Genting group’s founding dynasty.
According to a Monday filing to the Singapore Exchange, Genting Singapore disbursed a total of 7,765,000 award shares, priced at SGD0.85 per unit – the closing price on Monday – under what the firm called its “performance share scheme”.
In early February, Genting Singapore posted a SGD69.2-million net profit for full-year 2020, down 89.9 percent from the previous year, amid the disruption to tourism and leisure wrought by the Covid-19 pandemic.