Genting Hong Kong has warned it may face a liquidity crunch after one of its creditors failed to provide funding under a backstop facility.
Genting Hong Kong said it has agreed to sell a Boeing 787-8 for $25 million as part of an ongoing program to improve its liquidity, which has been hard hit by the Covid pandemic.
Felix Ng -
Talks are getting underway between MV Werften and its owners Genting Hong Kong with the German federal and state government for the release of additional rescue funds to maintain work at the financially troubled shipyard group.
Lim Kok Thay, chairman and CEO of Genting Berhad, is pledging almost his entire stake in troubled cruise ship operator Genting Hong Kong as...
Genting Group Chairman Lim Kok Thay has launched a new cruise line from Singapore, which will make its debut on June 15.
Felix Ng -
The last remaining cruise ship of Genting Cruise Lines will cease operation from March 2, as a result of “mounting creditor pressure.”
Billionaire Lim Kok Thay had a vision to create a luxury cruise line for the booming Asian markets.
Genting Hong Kong CEO Lim Kok Thay bet big on Asia’s nascent cruise industry and his gamble appeared to be paying off as wealthy Asians took to the seas on the group’s luxury ships, complete with onboard casinos.
Former Genting Hong Kong Chairman and CEO Lim Kok Thay is among the interested bidders for the group’s unfinished Global Dream mega liner, but the insolvency administrator is hoping to find a better buyer.
Genting Hong Kong’s Crystal Cruise unit has closed its U.S. headquarters and all staff have received termination letters, though crew aboard ships are still unclear about their future, according to specialist cruise media.