Friday 29 Mar 2024
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KUALA LUMPUR (Oct 12): Genting Hong Kong Ltd (Genting HK) said the Bermuda Court had on Friday (Oct 7) ordered Genting HK and its indirect non-wholly owned subsidiary Dream Cruises Holding Ltd to be wound up as part of the cruise group’s planned liquidation as it contends with the impact of global movement restrictions due to the Covid-19 pandemic which began in early 2020.

In a filing with the Hong Kong bourse on Monday (Oct 10), representatives from Alvarez & Marsal announced on behalf of the group that Genting HK and Dream Cruises were ordered to be wound up by the Bermuda Court on Oct 7 in accordance with Section 161 of the Companies Act.

Genting HK had delayed its 2021 Annual Audit Report since June 7 as well as its 2022 Interim Report for the first six months of 2022.

The filing by the representatives said further announcements will be made by the company if there is any material development on the winding up of the company and Dream Cruises as and when appropriate.

At 11.44am on Bursa Malaysia, Genting Bhd fell 2.04% or nine sen to RM4.33 with 2.51 million shares done.

Edited BySurin Murugiah
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