GENTING EYES US

KUALA LUMPUR, Jan 19 (Bernama) -- The Genting Group, Malaysia's leading
corporation, is looking at investment opportunities in the United States, its
chairman Lim Kok Thay said Tuesday.

"If there are opportunities that offer good value for our investments,
definitely the group will be looking at (them)," Lim said, declining to identify
any potential target.

Genting is looking for larger investments as the global financial crisis in
the US has offered a number of opportunities, Lim told reporters after launching
the logo for the group's 45th anniversary, here Tuesday.

Currently, Kien Huat Realty Sdn Bhd, a private company controlled by the
late Dr. Lim Goh Tong's family, has a small investment in the US.

Lim said Genting Bhd, the investment holding and management company of
Genting Group, had bond investments in MGM Mirage, a leading casino
entertainment provider.

With return in excess of 10 per cent, bond investment is considered a
good investment in terms of value, he said.

On whether Genting will be aggressive in investments this year on the back
of its high cash position, Lim said the group will invest more this year in
areas that give optimal returns and fit well with its strategy.

"If there are opportunities in the US, I am sure we will look at that. We do
have great financial strength, so we can take on large project," Lim said,
adding that the group aimed to become a global player.

The Genting Group comprises four listed companies, namely Genting Bhd,
Genting Malaysia Bhd, Genting Plantations Bhd and Genting Singapore PLC
(Singapore Stock Exchange), with a combined market capitalisation of about
RM85.4 billion (US$25.57 million) as at end of December last year.
-- BERNAMA