Genting Singapore triggers SGX query following 6.7% surge in share price

Felicia Tan
1-min read
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On July 15, Bloomberg reported that Genting Singapore was reported to have attracted takeover interest from US rival MGM Resorts.

Genting Singapore has prompted a query from Singapore Exchange Regulation (SGX RegCo) after shares in the group surged to 80 cents.

At 9.54am, shares in Genting climbed to an intra-day high of 80.3 cents.

The share price represents a 5-cent increase or 6.67% jump from its share price of 75 cents at its last close.

At 9.38am, the market regulator sent a query to Genting Singapore regarding its “unusual price movements”.

SGX RegCo also asked the group to release any information that may have caused the share price surge. It also asked the group to confirm its compliance with the listing rules.

On July 15, Bloomberg reported that Genting Singapore was reported to have attracted takeover interest from US rival MGM Resorts.

As at 10.16am, shares in Genting Singapore are trading 5 cents higher or 6.67% up at 80 cents.

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