Genting BHD: Expanding Horizons and Embracing Sustainability

In the bustling financial landscape of 2025, Genting BHD, a stalwart in the palm oil industry, continues to make headlines with strategic moves and sustainable practices. As of May 3, 2025, the company’s shares closed at MYR 3.22, reflecting a market capitalization of MYR 12,483,610,000. Despite the fluctuations, with a 52-week high of MYR 4.95 and a low of MYR 2.99, Genting BHD remains a formidable player in the global market.

Empire Resorts Acquisition: A Strategic Expansion

In a significant development, Genting Malaysia, a subsidiary of Genting BHD, has taken full control of Empire Resorts Inc. in a deal valued at US$80.7 million (approximately RM348.01 million). This acquisition includes absorbing US$39.7 million in debt owed by Empire Resorts to Kien Huat Realty III Ltd., a company associated with the Lim family. By acquiring the remaining 51% stake in Genting Empire Resorts LLC (GERL) for US$41 million (RM177 million), Genting Malaysia now holds complete ownership of Empire Resorts. This strategic move positions Empire Resorts as an indirect wholly-owned subsidiary of Genting Malaysia, enhancing its portfolio in the hospitality and entertainment sectors.

Sustainable Practices and Technological Advancements

Founded in 1933, Genting BHD has grown to become one of the largest manufacturers of palm oil globally. The company’s commitment to sustainability is evident in its use of advanced technology and sustainable practices, ensuring high-quality standards for its products. These products are integral to various industries, including food, cosmetics, and biofuels, underscoring Genting BHD’s pivotal role in these sectors.

Corporate Support for Madani Workers’ Card

In a move that underscores its corporate responsibility, Genting BHD is among the early adopters of the Madani Workers’ Card initiative. Announced by Prime Minister Datuk Seri Anwar Ibrahim, this initiative aims to support Malaysia’s workforce amidst rising living costs. The card offers up to 30% discounts on essential goods and services from over 100 companies, including Genting. This initiative not only benefits workers but also strengthens Genting’s community ties and corporate image.

Conclusion

As Genting BHD continues to navigate the complexities of the global market, its strategic acquisitions and commitment to sustainability position it for continued success. With a robust market presence and a focus on sustainable growth, Genting BHD remains a key player in the palm oil industry and beyond.