Malaysia Genting Cos To Buy Global Loyalty Card Firm - 2004-01-19
Malaysian casino operator Genting Bhd. (3182.KU) Monday said two companies controlled by the group plan to jointly purchase Worldcard International Ltd., an operator of a global loyalty card program.
Calidone Ltd., a unit of Genting International Plc., and Star Cruise Ltd., a unit of Singapore-listed Star Cruises Ltd. (S21.SG), will buy nearly all of the 1 million Worldcard shares for about $1 million, Genting Bhd. said in a statement.
The two Genting companies will take almost equal stakes in Worldcard.
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