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KUALA LUMPUR: Shares of Genting Malaysia Bhd and Genting Bhd bounced Wednesday early in the session after a strong sale yesterday, following the announcement of the withdrawal of the contract for the construction of the theme park Fox Genting Highlands.
Genting Malaysia, Bursa Malaysia's most traded window, increased by 1.67%, or five Sen at RM 3.53 with 33.4 million shares traded.
Genting Bhd gained 1.41%, or nine senates, to reach RM6.47 with 1.88 million shares.
Genting Malaysia's decision to sue Walt Disney Co and Twenty-First Century Fox Inc. for more than US $ 1 billion on Monday caused a selloff.
Genting Malaysia accused them of abandoning a contract related to the planned construction of the first Fox brand theme park.
According to the statement, "the remorse of the seller" has led Fox, with the help of Disney, to break his 2013 contract with Fox Entertainment Group to license the intellectual property of Fox World's project. Expansion of the Resorts World Genting complex.
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