Picture 1 – Genting’s chairman Lim Kok Thay dots the eye of a prancing lion at a ground-breaking ceremony for ‘Resorts World at Sentosa’ on 16 April 2007.
Picture 2 – A monorail train rides through Sentosa’s Resort World in Singapore. The 49-hectare resort is expected to open in early 2010.
Picture 3- An aerial view of the Resort World at Sentosa under development in Singapore on June 25, 2009.
Picture 4 – Workers working on the structure of an amphitheatre, one of the attractions for the Resort World at Sentosa, on June 25, 2009.
Genting Berhad is on track to open the ‘Resorts World at Sentosa’ in Singapore by early January 2010, said its chairman and chief executive Lim Kok Thay.
Bernama news agency quoted Mr Lim as saying the project, which cost S$6.6 billion, would attract 12 to 13 million visitors in the first full year of operation.
“Construction is going on smoothly. We are targeting to open it by early January 2010,” he told reporters after the signing ceremony of its RM1.6 billion medium-term notes programme (MTN) with CIMB Investment Bank Bhd and HSBC Bank Malaysia Bhd on Thursday.
Genting’s subsidiary, GB Services Bhd, has priced its inaugural issuance of RM1.45 billion nominal amount of 10-year MTN pursuant to its RM1.6 billion MTN programme.
The MTN programme is guaranteed by Genting and has been assigned ‘AAA’ rating by RAM Ratings Services Bhd. Continue reading
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