The Macau Metro Monitor, September 19, 2012
GENTING SINGAPORE TO SELL ENTIRE 4.8% STAKE IN AUSTRALIA'S ECHO ENTERTAINMENT Dow Jones
Genting Singapore is selling its entire 4.8% stake in Echo Entertainment Group Ltd. (EGP.AU) for about 131.7 million Australian dollars (US$137.5 million) in a move to rationalize its investment portfolio.
GENT will sell its 33 million Echo shares through a block trade at A$3.99 per share, it said in a filing to the Singapore Exchange on Wednesday.
