This article is 12 years old. Images might not display.
While Linc plans to offer 47.85 million shares at $S1.20 each ($A1.05) as part of its Singapore initial public offering, Genting has already signalled it would like to buy all of them.
Linc said 47.85 million shares offered under its IPO equated to about 8.4% of its total issued and paid-up share capital.
Genting will also receive the option to buy another 10.75 million shares within six months of the December 18 listing date.
A Linc spokesperson told ENP that Genting aimed to gain a 10% stake of Linc and indicated that the IPO could end up being oversubscribed.
The move to delist from the Australian Securities Exchange and list in Singapore was made after consultation with key shareholders.
Linc has historically raised more than 90% of its money offshore.
