Genting Singapore Plc has announced that two subsidiaries, Calidone Ltd. and Genting International Services Singapore have incorporated another unit, Genting International Services (Thailand) Ltd., to offer marketing and PR services in the so-called Land of Smiles.
Asia Gaming Brief reports that GISTL will target the leisure and hospitality sector in Thailand but will not sell directly to consumers. The unit has an issued share capital of THB100,000 (US$2,833) made up of 20,000 shares, which in turn are divided into 9,800 ordinary shares of THB5 each and 10,200 preferences shares of THB5 each.
The preference shares are owned by Thai shareholders; the 9,800 ordinary shares are owned by Calidone Ltd. and Genting International Services Singapore, reported AGB.
