PETALING JAYA: Genting Bhd

’s bid to take Genting Malaysia Bhd

(GenM) private has turned unconditional after it crossed the 50% shareholding threshold.

In a filing with Bursa Malaysia, Genting said it now owns 50.105% of GenM’s total issued shares.

Last month, Genting announced its intention to take GenM private at RM2.35 per share, valuing the latter at about RM6.74bil.