Genting beefs up its stake in Echo at an intriguing time, albeit only slightly, while Elders is left disappointed with Ruralco's offer for its Futuris business.

Malaysia’s KT Lim has returned to the scene by increasing his stake in Echo Entertainment, but not by as much as we’d expect from a billionaire. What’s going on here? Elders reportedly has a US private equity firm on the line for its Futuris business after Ruralco’s offer for its rural services arm disappointed. Meanwhile, AustralianSuper is leading the super industry consolidation push, Stonewall Mining’s Chinese suitor has raised a handy $US300 million for its offer and Billabong International’s share price has hit some fresh all-time lows.

Genting Hong Kong, Echo Entertainment

Malaysian casino mogul KT Lim has sparked widespread chatter about his plans for Echo Entertainment with what is actually a very modest purchase of the Australian company’s stock.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles