01/18/22 Genting Hong Kong considers filing for liquidation Genting Hong Kong has confirmed it is analysing the possibility of filing for liquidation after a German court denied its request for the release of a US$88m loan arrangement.
01/13/22 Genting HK shares fall on concerns over default risk Genting Hong Kong shares plunged 56 per cent after the company’s shipyard located in Germany filed for bankruptcy.
01/11/22 Genting HK’s shipyard in Germany files for insolvency Genting Hong Kong has revealed its shipbuilding unit in Germany, MVWH, has filed for insolvency after failing to reach an agreement over financial assistance.
01/06/22 Genting HK cancels two sailings due to Covid-19 countermeasures Genting Hong Kong Ltd had to cancel two casino cruises due to Hong Kong’s new countermeasures to avoid a rise in Covid-19 cases.
12/15/21 Genting Hong Kong to resume operations in Taiwan Authorities in Taiwan have confirmed that Genting Hong Kong has been allowed to resume operations while following Covid-19 countermeasures.
12/14/21 Genting Hong Kong to receive $30m bridging loan The casino cruise ship operator has announced it has agreed a $30m bridging loan from a company connected to its chairman Tan Sri Kok Lim.
09/28/21 Genting Hong Kong continues to seek new sources of funding The casino cruise ship operator has been deeply affected by restrictions due to the Covid-19 pandemic and is looking for new business opportunities to diversify.
09/01/21 Genting Hong Kong reports US$182.3m in revenue for H1 Genting Hong Kong has reported a decline in revenue from US$226.2m to US$182.3m for the first half of the year.
08/18/21 Genting Hong Kong expects net loss of US$330m for H1 Genting Hong Kong expects a net loss of nearly US$330m for the first half and a consolidated operating loss of US$280m.
07/16/21 Genting Hong Kong will resume operations on July 30 Genting Hong Kong will ensure officers and crew are vaccinated before resuming sailings in Hong Kong from July 30.
07/14/21 Genting casino cruise returns to Singapore due to Covid-19 case Genting Hong Kong has reported that the World Dream cruise liner had to return to Singapore after a passenger tested positive for Covid-19.
06/30/21 Genting Hong Kong announces recapitalization Genting Hong Kong has announced that it has made a series of deals to gain access to new loan facilities and an extension on existing arrangements.
05/28/21 Genting Hong Kong to resume operations from July The Hong Kong government has allowed Genting Hong Kong to resume sailings in Hong Kong from July.
05/25/21 Genting Hong Kong cautious about performance in 2021 Genting Hong Kong has shared its audited financial results for the year 2020 and has said it expects Covid-19 will continue to have a material impact on the group’s business.
05/11/21 Genting Hong Kong creditors to accept recapitalisation package Genting Hong Kong continues to deal with the impact of Covid-19 countermeasures.
