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Saturday, October 16, 2010

All Genting Related Inside Corporate Information

Here is a quick summary of all-things-Genting! .
1) Genting Berhad - Wright Quality Rating: ACC3
Business Description:
Genting Berhad is an investment holding and management company. The principal activities of the subsidiaries include leisure and hospitality, gaming and entertainment businesses, plantation, the generation and supply of electric power, property development and management, tours and travel related services, genomics research and development, investments and oil and gas exploration, development and production activities. The principal activities of its associates include the generation and supply of electric power, resort, property investment and property development. The Company has over 4,500 hectares of prime resort land and about 134,000 hectares of plantation land. In December 2009, it completed the disposal of its subsidiaries, Oakwood Sdn. Bhd. and Genting Highlands Tours and Promotion Sdn. Bhd., to Genting Malaysia Berhad. In April 2010, it acquired Peak Avenue Limited and Newquest Ltd. In June 2010, the Company acquired Aurasun Resources Sdn Bhd.
2) Genting Malaysia Berhad -Wright Quality Rating: AAA1
Business Description:
Genting Malaysia Berhad, formerly Resorts World Bhd, is involved in a tourist resort business at Genting Highlands, and its activities cover leisure and hospitality services, which comprise gaming, hotel, entertainment and amusement. Its subsidiaries are engaged in property development and management, leisure and hospitality services, investments, time share ownership scheme, tours and travel related services. The Company operates in two segments: Leisure & Hospitality, which includes the gaming, hotel, entertainment and amusement businesses, tours & travel related services and other support services, and Properties division, which holds the land held for development of the Company and is involved in property developments. Genting Berhad is its immediate and ultimate holding company. In December 2009, Genting Berhad disposed of its subsidiaries, Oakwood Sdn. Bhd. and Genting Highlands Tours and Promotion Sdn. Bhd., to the Company. In May 2010, the Company acquired High Valley Limited.
3) Genting Hong Kong Limited - Wright Quality Rating: CBNN
Business Description:
Genting Hong Kong Limited, formerly Star Cruises Limited, is an investment holding company principally engaged in the operation of passenger cruise ships in Asia Pacific. The Company, together with its jointly controlled entities, NCL Corporation Ltd. (NCLC) and its subsidiaries (the NCLC Group), has a combined fleet of 17 ships cruising to over 200 destinations in the world, offering approximately 30,000 lower berths. The Group operates under the principal brand name of Star Cruises while the NCLC Group operates under Norwegian Cruise Line brand. Star Cruises operates seven ships offering various cruise itineraries and calls destinations primarily in the Asia Pacific region. Norwegian Cruise Line operates 10 cruise ships offering cruises in North and South America, Hawaii, Caribbean, Alaska, Europe, Mediterranean and Bermuda. The Company's subsidiaries are principally engaged in the business of cruise and cruise related operations and leisure, entertainment and hospitality activities.

4) Genting Singapore PLC - Wright Quality Rating: ABNN
Business Description:
Genting Singapore PLC, formerly Genting International PLC, is an integrated resorts development specialist engaged in developing, operating and/or marketing casinos and integrated resorts in different parts of the world. Its principal activities are development and operation of integrated resort; casino operations; international sales and marketing services, and information technology (IT) application related services. It operates in two segments: leisure and hospitality, which is engaged in the provision of sales and marketing services and information technology related services to leisure and hospitality related businesses, development and operation of integrated resort, and casino operations and investments, which is engaged in investing in assets to generate future income and cash flows. In July 2009, the Company incorporated Genting Singapore (HK) Limited as its wholly owned subsidiary in Hong Kong. In September 2010, it acquired Genting Singapore Aviation.

5) Genting Plantations Berhad - Wright Quality Rating: BAB9
Business Description:
Genting Plantations Berhad, formerly known as Asiatic Development Berhad, is a Malaysia-based company engaged in plantation, investment holding and provision of management services. The Company operates in four segments: plantation, which is engaged in oil palm plantations; property, which is engaged in property development and the operation of a golf course; biotechnology, which is engaged in genomics research and development, and others. During the year ended December 31, 2009, the Company produced 1.16 million metric tons of fresh fruit bunches. In 2009, the Company planted a total area of 60,007 hectares with oil palms. As of December 31, 2009, the Company's subsidiaries were Genting SDC Sdn Bhd, Genting Plantations (WM) Sdn Bhd, Genting Tanjung Bahagia Sdn Bhd, Landworthy Sdn Bhd, Kinavest Sdn Bhd, Asiaticom Sdn Bhd, Genting Oil Mill Sdn Bhd, Genting Property Sdn Bhd, Technimode Enterprises Sdn Bhd, Genting Land Sdn Bhd and Genting Green Tech Sdn Bhd, among others.


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