News in brief

KUALA LUMPUR: Genting International plc has incorporated its first wholly owned subsidiary in Japan, Genting International Japan Co Ltd (GIJCL).

In a statement, Genting said GIJCL had a registered share capital of 10 million yen (RM299,000).

It said the intended purpose of GIJCL was to, among others, market and promote the company's resort destinations to the Japanese market.

“The incorporation of GIJCL is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the company for the financial year ending Dec 31, 2008,” it said. – Bernama