Genting Hong Kong has announced that it will hold the first meeting of creditors of the company, with the creditors and contributories of Dream Cruises to appoint a permanent liquidator on January 18th and 19th.

The attempted sale of Genting’s former World Dream is generating little interest, according to reports, as the court had already ordered bids to be submitted by December 21st of 2022.

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.

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.

Junkets are shifting their focus away from mainland China, finding it easier to source and retain clients from Hong Kong.

Due to the “tad later than expected” return of international visitors to Resorts World Genting (RWG), the Maybank Investment Bank has lowered its earnings estimates for Genting Malaysia by 27 percent for FY23.

Chen Lip Keong, owner of NagaCorp and Karambunai, and Genting Group boss Lim Kok Thay are amongst the top10 richest billionaires in Malaysia, according to the annual list of ‘Malaysia’s 50 Richest’ 2023 edition from Forbes.

Alliance Global Group (AGI) has sealed a deal to take over all shares held by the failed Genting Hong Kong in integrated resort Newport World Resorts, located in Manila.

Genting Hong Kong will have its listing on the Hong Kong Stock Exchange officially canceled on May 16th at 9:00 am. The decision turned public via an announcement on Thursday after trade time.