{"id":25540,"date":"2021-12-14T10:21:07","date_gmt":"2021-12-14T13:21:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=25540"},"modified":"2026-04-23T12:57:23","modified_gmt":"2026-04-23T15:57:23","slug":"genting-hong-kong-to-receive-30m-bridging-loan","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-hong-kong-to-receive-30m-bridging-loan","title":{"rendered":"Genting Hong Kong to receive $30m bridging loan"},"content":{"rendered":"\n<p>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.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Hong Kong.-\u00a0<strong>Genting Hong Kong Limited\u00a0<\/strong>has said that a company related to its chairman Tan Sri Kok Lim has agreed to provide a bridge loan of $30m as part of a restructuring plan reached with creditors. The company said in a statement that the interest on the loan will be the London interbank offered rate plus an annual interest rate of 9 per cent.<\/p>\n\n\n\n<p>The<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-hong-kong-reports-us182-3m-in-revenue-for-h1\" rel=\"noreferrer noopener\">&nbsp;company<\/a>&nbsp;reported that&nbsp;<strong>revenue decreased to US$182.3m&nbsp;<\/strong>for H1, while the company\u2019s&nbsp;<strong>consolidated operating loss&nbsp;<\/strong>was US$258.6m. As a result, the casino cruise ship operator was actively looking for&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-hong-kong-continues-to-seek-new-sources-of-funding\" rel=\"noreferrer noopener\">new funding sources<\/a>&nbsp;due to the&nbsp;<strong>uncertainty surrounding the appearance of new outbreaks of Covid-19<\/strong>&nbsp;in the region.<\/p>\n\n\n\n<p><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-hong-kong-will-resume-operations-on-july-30\" rel=\"noreferrer noopener\">The cruise ship operator<\/a>&nbsp;resumed sailings in Hong Kong on July 30 after having all of its staff vaccinated against Covid-19 as required by the Hong Kong government. Passengers must be fully vaccinated before sailing.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":176,"featured_media":25560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Hong Kong Limited, a casino cruise ship operator, has secured a $30 million bridging loan from a company connected to its chairman, Tan Sri Kok Lim, as part of a broader restructuring plan with creditors. This financial maneuver follows a significant H1 revenue decrease to US$182.3 million and a consolidated operating loss of US$258.6 million, exacerbated by COVID-19 outbreaks and the associated operational challenges, despite resuming sailings in Hong Kong under strict vaccination mandates.","focusai_entities":"Genting Hong Kong Limited, Tan Sri Kok Lim","focusai_location":"Hong Kong","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.85), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Restructuring Plan Details?","query":"What are the specific terms and conditions of Genting Hong Kong's broader restructuring plan with creditors, beyond this bridging loan, and what is the projected timeline for its implementation?"},{"label":"Impact of Related-Party Loan?","query":"How does the $30 million bridging loan from a chairman-connected company impact corporate governance, shareholder equity, and the perception of financial independence for Genting Hong Kong?"}],"footnotes":""},"categories":[157,16338],"tags":[23716],"class_list":["post-25540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-genting-hong-kong"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=25540"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25540\/revisions"}],"predecessor-version":[{"id":25545,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25540\/revisions\/25545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25560"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=25540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}