Lim Kok Thay Genting Hong Kong
Bloomberg -- Genting Hong Kong the troubled cruise operator controlled by Malaysian tycoon Lim Kok Thay warned Tuesday of more defaults due to the insolvency of its German shipbuilding subsidiary. The cruise line is part of the gambling empire of Malaysian billionaire Lim Kok Thay.
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The petition was filed and signed by Thay with the Hong Kong exchange after a last-ditch effort to recover 88.
. Genting Hong Kong which is majority owned by Malaysian billionaire Lim Kok Thay said it would imminently be unable to pay its debt and that it expects to run out of cash around the end of the. Genting Hong Kong which is majority owned by Malaysian billionaire Tan Sri Lim Kok Thay warned that cross defaults could follow the collapse of MV Werften. The company which had about US453 million in cash and cash equivalents as of June last year has warned it will run out of cash around the end of this month.
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