Here is a brief look at some corporate announcements and news flow on Wednesday (Sept 14), which include Genting Bhd, Eco World International Bhd, Ranhill Utilities Bhd, Rubberex Corp (M) Bhd, UMW Holdings Bhd, Nexgram Holdings Bhd, Maxis Bhd, KIP Real Estate Investment Trust, Cosmos Technology International Bhd and Pos Malaysia Bhd.
GENTING Hong Kong Ltd (Genting HK) is involved in a legal tussle with the German government. It isn’t about a casino licence in Deutschland but a shipyard in Germany’s northeast state of Mecklenburg-Vorpommern an investment that Tan Sri Lim Kok Thay made in 2015. The rationale for the US$35 million-plus investment was to have a vertical integration, meaning owning a shipyard that could build cruise ships for Genting HK’s cruise operations.