Who Owns Genting Berhad Company?

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Who Owns Genting Berhad?

Understanding a company's ownership is key to grasping its strategy and accountability. In March 2025, Genting Berhad appointed its first non-family CEO, Dato' Sri Tan Kong Han, indicating a potential shift in operational control while the founding family retains significant influence.

Genting Berhad, established in 1968 and listed in 1971, is a diversified global conglomerate with deep roots in leisure and hospitality. Its operations span resorts, casinos, hotels, and theme parks, complemented by interests in power, plantations, property, and biotechnology across multiple continents.

As of August 15, 2025, Genting Berhad's market capitalization stands at approximately $2.82 billion. This analysis explores its ownership structure, including the founding family's stake, institutional investors, and recent leadership changes, offering insights into its strategic direction. For a deeper understanding of its market environment, consider a Genting Berhad PESTEL Analysis.

Genting Berhad's journey began with the visionary Tan Sri Lim Goh Tong, who immigrated from China and established a successful engineering business before embarking on his ambitious mountain resort project in 1965. His personal investment, bolstered by the sale of a rubber plantation, formed the initial capital for Genting Highlands Sdn Bhd, which was established with MYR 2.5 million.

Founder's Vision

Tan Sri Lim Goh Tong's vision led to the development of Genting Highlands, a significant undertaking that began in 1965. His personal commitment and early capital were crucial for the project's inception.

Early Land Acquisition

Between 1965 and 1970, Lim Goh Tong secured substantial land alienations from the Pahang and Selangor State Governments, totaling approximately 12,000 acres and 2,800 acres respectively.

Initial Backing

Early financial support came from influential figures such as Haji Mohd Noah, alongside contributions from Malaysia's growing affluent Chinese community.

Company Incorporation

Genting Highlands Hotel Sdn Bhd was incorporated on July 30, 1968, to manage hotel and casino operations and develop an integrated tourist complex.

Infrastructure Development

Tan Sri Lim Goh Tong personally oversaw the challenging four-year construction of the 20-kilometer access road to the mountain peak, showcasing his direct leadership.

Family Involvement

The founder's wife, Puan Sri Lee Kim Hua, and their six children were integral to the family's ventures from the outset, highlighting a strong familial foundation.

The leadership transition within the Genting Group saw Tan Sri Lim Kok Thay, the second son, formally assume leadership in 2003, succeeding his father, Tan Sri Lim Goh Tong, who passed away in 2007. This succession reflected a well-defined family plan, though the founder's legacy continues to influence discussions regarding inheritance and the Revenue Streams & Business Model of Genting Berhad. The initial capital of MYR 2.5 million for Genting Highlands Sdn Bhd was a significant sum, demonstrating the founder's commitment and the early belief in the project's potential.

Key Ownership Aspects

The foundational ownership of Genting Berhad is deeply tied to its founder, Tan Sri Lim Goh Tong, and his family. This familial control has been a defining characteristic since the company's inception.

• Founder: Tan Sri Lim Goh Tong
• Initial Capital: MYR 2.5 million
• Key Land Acquisitions: Approx. 12,000 acres (Pahang) and 2,800 acres (Selangor)
• Early Supporters: Haji Mohd Noah and the Malaysian Chinese community
• Successor: Tan Sri Lim Kok Thay

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Genting Berhad, established in 1968 and listed on the Kuala Lumpur exchange in 1971, has seen its ownership evolve through strategic subsidiary listings. The public offerings of Genting Malaysia Berhad in 1989 and Genting Plantations Berhad in 1982 marked significant steps in its corporate journey.

The ownership structure of Genting Berhad is predominantly influenced by the founding Lim family, with Parkview Management Sdn Bhd, acting as a trustee for a discretionary trust, holding a substantial 44.84% stake as of April 14, 2025. This trust benefits Tan Sri Lim Kok Thay and Dato' Indera Lim Keong Hui, positioning them as key figures in the company's control. As of September 30, 2024, a significant 54.06% of Genting Berhad's stock was held as company-owned shares. Beyond family interests, the company benefits from a diverse base of institutional investors, including The Vanguard Group, Inc. at 1.91% and UBS Asset Management AG at 1.52% as of April 14, 2025. This blend of family influence and institutional investment shapes the strategic direction, including global expansion and diversification efforts, aligning with the Target Market of Genting Berhad.

Key Stakeholders and Ownership Dynamics

Genting Berhad's ownership is characterized by a strong family foundation complemented by significant institutional backing.

• The Lim family, through a discretionary trust managed by Parkview Management Sdn Bhd, holds a controlling interest of 44.84%.
• Tan Sri Lim Kok Thay and Dato' Indera Lim Keong Hui are identified as major shareholders and beneficiaries.
• Institutional investors like The Vanguard Group, Inc. and UBS Asset Management AG represent a notable portion of public shareholding.
• Genting Berhad's market capitalization was RM14.9 billion as of December 31, 2024.
• Genting Malaysia Berhad, a key subsidiary, is 49.33% owned by Genting Berhad as of March 16, 2025.

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The Board of Directors at Genting Berhad is structured to reflect significant family involvement alongside executive and independent leadership. Tan Sri Lim Kok Thay serves as the Executive Chairman, with Dato' Sri Tan Kong Han appointed as CEO effective March 1, 2025. Dato' Indera Lim Keong Hui, son of Tan Sri Lim Kok Thay, holds the position of Deputy Chief Executive and Executive Director, underscoring the family's continued executive influence.

The voting power within Genting Berhad is largely concentrated, adhering to a one-share-one-vote principle for its ordinary shares. The Lim family, through entities such as Parkview Management Sdn Bhd and Kien Huat Realty Sdn Bhd, controls a substantial portion of the voting shares. Parkview Management Sdn Bhd, acting as a trustee for a discretionary trust, is recognized as controlling not less than 20% of the votes attached to Genting Berhad's voting shares. This significant ownership stake, coupled with key family members occupying executive and board positions, grants the Lim family considerable influence over the company's strategic direction and operations. While direct activist campaigns against Genting Berhad itself have not been prominent, the group has experienced scrutiny regarding related-party transactions, particularly concerning equity investments made by subsidiaries like Genting Malaysia into entities such as Empire Resorts Inc. Understanding the Competitors Landscape of Genting Berhad can provide further context to these ownership dynamics.

Genting Berhad Shareholding Structure

The Genting Berhad ownership structure is characterized by significant control held by the founding family. This concentration of voting power influences corporate governance and strategic decision-making.

• The Lim family maintains substantial voting power through dedicated management companies.
• Parkview Management Sdn Bhd, a trustee, controls at least 20% of the voting shares.
• Key family members hold executive and board positions, reinforcing control.
• The one-share-one-vote principle applies to ordinary shares.

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Recent leadership changes and strategic share acquisitions highlight evolving ownership trends within Genting Berhad. The company has seen a significant transition in its top executive role, alongside notable investment activity from key family members and executives, signaling confidence in the group's future direction.

The ownership structure of Genting Berhad is influenced by both family succession plans and market dynamics. While Tan Sri Lim Kok Thay has transitioned from CEO, his continued role as Executive Chairman and presence in key subsidiaries underscores the enduring influence of the Lim family. Recent share purchases by Tan Sri Lim Kok Thay and his son, totaling 7.3 million shares valued at RM22.86 million in March 2025, reflect a strong belief in the company's underlying value, especially during periods of market pressure. This family investment activity is a crucial aspect of understanding who owns Genting Berhad and its controlling interest.

Leadership Transition

Tan Sri Lim Kok Thay stepped down as CEO on March 1, 2025, after nearly two decades. Dato' Sri Tan Kong Han succeeded him, marking a shift in the top executive position.

Family Stakeholder Confidence

In March 2025, the Lim family acquired 7.3 million shares, demonstrating significant confidence. This move included purchases by Tan Sri Lim Kok Thay and his son, Lim Keong Hui.

Strategic Share Buybacks

Genting Malaysia Berhad initiated share buybacks starting March 16, 2023. This program allows the company to repurchase up to 10% of its issued share capital.

Navigating Market Challenges

The group faces operational challenges, including profitability concerns at Resorts World Las Vegas and legal scrutiny. These factors influence the overall Genting Berhad ownership trends and corporate governance.

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