2007-10-23 01:28 (New York)
0528 GMT [Dow Jones] Genting (3182.KU) +0.7% at MYR7.70 but may slip marginally in afternoon trade on news founder Lim Goh Tong passed away, says dealer; Lim was 89 years old.
"The impact on share price is likely to be minimal, at worst. He stopped playing an active role in the management of the company since he retired in 2004," says senior gaming analyst at a local brokerage. Lim Goh Tong's son, Lim Kok Thay took over the reins of the casino and hotels operator.
Associate Resorts World (4715.KU), last +0.5% at MYR3.76, also not expected to react to news, he adds, noting that any weakness in share prices of either stock should be viewed as an opportunity to accumulate.
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(END) Dow Jones Newswires 23-10-07 0528GMT Copyright (c) 2007 Dow Jones & Company, Inc.(AP-DJ-10-23-07 0528GMT)
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