Genting Hong Kong
HONG KONG Troubled cruise operator Genting Hong Kong plunged by a record Thursday Jan 13 after shares resumed trading following warnings from the company in recent days of more defaults due to the insolvency of its German shipbuilding subsidiary. While Genting Hong Kong offered seacations as part of a broader trend of cruises to nowhere it still reported a record US17 billion loss in.
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Troubled cruise operator Genting Hong Kong has filed to wind up the company after it failed to secure funding to keep it afloat following the.
. Genting Hong Kong which also owns and operates the Resorts World Manila casino and resort in the Philippines reported a US2383 million loss in the first half of. Plunged by a record Thursday after shares resumed trading following warnings from the company in recent days of. Genting Hong Kong Ltd.
The latest liquidation developments come just as Hong Kong reimposes some of its strictest virus curbs since the pandemic began. Genting Hong Kong which like many operators has offered seacations amid a cruise-to-nowhere trend reported a record loss of US17 billion in May. Genting Hong Kongs stock has lost half its value since 2018 with US766 million of capitalisation wiped out as the global cruise and tourism industry became the.
Genting Hong Kong says that despite lengthy negotiations with creditors and other stakeholders theres no definitive agreement on a path forward that would keep the company afloat and solvent.
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