Genting Malaysia confirms Equanimity purchase for RM514.6m
The superyacht Equanimity is docked at the Boustead Cruise Centre Terminal in Port Klang August 11, 2018. — Picture by Azinuddin Ghazalisuperyacht together with bunkers, fuel, lubricants and other existing consumables on board for a total consideration of US$126 million .
“The Admiralty Court in Kuala Lumpur had, today, approved the offer by Genting Malaysia on the Sheriff’s Terms and Conditions. The acquisition will be undertaken by Genting Malaysia’s wholly-owned subsidiary and the completion of the sale is expected to take place by the end of April 2019.” Genting Malaysia, which is involved in gaming, hotel and resort-related operations, said the acquisition was not expected to have a material effect on the consolidated earnings, net assets and gearing for the financial year ending December 31, 2019.
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