<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published September 23, 2009
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>$195,000 paper gain for Genting director
<TABLE class=storyLinks border=0 cellSpacing=4 cellPadding=1 width=136 align=right><TBODY><TR class=font10><TD width=20 align=right>
</TD><TD>Email this article</TD></TR><TR class=font10><TD width=20 align=right>
</TD><TD>Print article </TD></TR><TR class=font10><TD width=20 align=right>
</TD><TD>Feedback</TD></TR></TBODY></TABLE>
TJONG Yik Min, an independent director of Genting Singapore, has exercised share options for 213,000 shares, resulting in a paper gain of about S$195,000.
This is based on the consideration of 16.58 US cents per share and Genting's closing price of S$1.15 yesterday.
The exercise raised his total stake in the company from 400,000 shares to 613,000, representing 0.006 per cent of Genting's issued share capital.
Earlier this month, the casino operator, which is developing the $6.59 billion Resorts World Sentosa, announced plans to raise up to $1.63 billion through a cash call. It is offering shareholders one rights share for every five held at 80 Singapore cents a share.
The issue is fully underwritten by DBS Bank, CIMB-GK Securities, JP Morgan, ABN Amro Bank, CLSA Merchant Bankers, Deutsche Bank, HSBC and UBS.
</TD></TR></TBODY></TABLE>
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>$195,000 paper gain for Genting director
<TABLE class=storyLinks border=0 cellSpacing=4 cellPadding=1 width=136 align=right><TBODY><TR class=font10><TD width=20 align=right>
</TD><TD>Email this article</TD></TR><TR class=font10><TD width=20 align=right>
</TD><TD>Print article </TD></TR><TR class=font10><TD width=20 align=right>
</TD><TD>Feedback</TD></TR></TBODY></TABLE>TJONG Yik Min, an independent director of Genting Singapore, has exercised share options for 213,000 shares, resulting in a paper gain of about S$195,000.
This is based on the consideration of 16.58 US cents per share and Genting's closing price of S$1.15 yesterday.
The exercise raised his total stake in the company from 400,000 shares to 613,000, representing 0.006 per cent of Genting's issued share capital.
Earlier this month, the casino operator, which is developing the $6.59 billion Resorts World Sentosa, announced plans to raise up to $1.63 billion through a cash call. It is offering shareholders one rights share for every five held at 80 Singapore cents a share.
The issue is fully underwritten by DBS Bank, CIMB-GK Securities, JP Morgan, ABN Amro Bank, CLSA Merchant Bankers, Deutsche Bank, HSBC and UBS.
</TD></TR></TBODY></TABLE>
