Singapore Stock Market News
Genting scions gain foothold in Australia
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Publish date: Wed, 10 Oct 2012, 02:15 PM
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Two scions of Malaysia's Genting gaming empire inked a deal yesterday to gain control of listed Australian wagering group Two Way Ltd as they seek to build their own casino and leisure business in South-east Asia.
Joey Lim Keong Yew and Ben Lim Keong Hoe, grandsons of Genting founder, the late Lim Goh Tong, and nephews of current CEO and chairman KT Lim, are behind a reverse takeover that will give the Australian company a 75 per cent stake in an expanding casino and hotel complex in Vietnam.
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