Genting Hong Kong
Genting Hong Kong stopped payments to creditors on US34 billion in borrowing in August 2020 debts that went into default at the end of December 2020. They are Edward Simon Middleton and Wing Sze Tiffany Wong of Alvarez Marsal Asia Limited in Hong Kong and Edward Alexander Niles Whittaker of RH Services Limited in Bermuda.
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But the Genting group of companies listed in Malaysia and Singapore have no cross shareholding with Genting Hong Kong except for Lim being a common.
. Genting Hong Kong was established in the early 1990s when tycoon Lim wanted to diversify the business risk from his main casino resort in Malaysia. Genting HK the parent of Star Cruises Dream Cruises and Crystal Cruises is winding up with cash expected to run out by the end of January. Genting Hong Kong is the parent company of US-based Crystal Cruises which resumed operations in the summer of 2021 as well as Dream Cruises which is operating cruise ships on restricted.
He owns a 76 stake in Genting Hong Kong. Lim owns 76 of the Hong Kong company.
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