Genting Malaysia Bhd is still finalising its business model for its latest acquisition, the superyacht Equanimity, aimed at growing its “premium player" business.

In a statement to Malaysiakini today, the company also confirmed that it had completed the judicial sale of the vessel and was now its new owner.

Genting Malaysia is part of the global Genting Group Bhd whose businesses include casino operations in Genting Highlands in Malaysia, and Sentosa in Singapore.

The superyacht was sighted in the waters off Singapore yesterday morning.