Linc secures Genting as major investor December 12, 2013 - 5:38PM Australia's Linc Energy has secured Malaysian giant Genting as a major investor and expects to raise nearly $A48 million by issuing new shares to other investors. Linc, which is developing conventional and unconventional oil, gas and coal projects such as underground coal gasification, is offering new shares as it shifts to the Singapore stock exchange on December 18. Genting, a hotel and gaming giant, will take a 10 per cent stake after buying at least 47.85 million shares at $S1.20 a share. It has a six-month option to buy another 10.75 million shares at the same price. Linc Energy's chief executive and major shareholder Peter Bond has said the company is under-valued in Australia and believes it will garner more investor support now due to Singapore's proximity to Asia's growing energy demand.