The company plans to sell the Star Cruises Jetty in Langkawi, Kedah.<\/p>\n\n\n\n\n\n\n\n
Hong Kong.-\u00a0Genting Hong Kong\u00a0<\/strong>has decided to sell the Star Cruises Jetty in Langkawi, Kedah, as part of its restructuring plan after the Covid-19 pandemic. The asset has been put on the market for sale via an international expression of interest undertaken by marketing agent Nawawi Tie Leung in collaboration with their counterparts Hilco Global Ltd of Hong Kong and Edmund Tai (SEA) Singapore.<\/p>\n\n\n\n Brian Koh<\/strong>, Nawawi Tie Leung executive director, told The Edge Markets: “With the opening up of cross border restrictions and the recovery of the cruise and tourism industry, we expect that there will be keen interests from regional industry players, as well as niche infrastructure funds that would be looking at this rare opportunity to acquire such an asset.”<\/p>\n\n\n\n In January, Genting Hong Kong filed for liquidation<\/a> after a German court rejected a request to release US$88m for its German shipyard unit MV Werften.<\/p>\n\n\n\n Due to liquidity constraints, the company delayed the\u00a0publication of its 2021 financial results<\/a>\u00a0and said further announcements will be made as soon as practicable. It said its shares will remain suspended until further notice following the\u00a0trading suspension<\/a>\u00a0on January 18.<\/p>\n","protected":false},"excerpt":{"rendered":" The company plans to sell the Star Cruises Jetty in Langkawi, Kedah.<\/p>\n","protected":false},"author":176,"featured_media":26763,"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 is divesting its Star Cruises Jetty in Langkawi, Kedah, as part of a broader restructuring plan following its liquidation filing. This asset sale, managed by Nawawi Tie Leung and Hilco Global Ltd, aims to capitalize on the recovering cruise and tourism sectors, attracting interest from regional players and infrastructure funds. The move follows liquidity constraints and a German court's rejection of a funding request for its shipyard unit.","focusai_entities":"Genting Hong Kong, Star Cruises Jetty, Nawawi Tie Leung, Hilco Global Ltd, Edmund Tai (SEA) Singapore, Brian Koh, The Edge Markets, MV Werften","focusai_location":"Langkawi, Kedah, Hong Kong, Singapore, Germany","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.9), operator_casino (0.75), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Genting Group?","query":"What are the broader implications of Genting Hong Kong's liquidation and asset divestment for the wider Genting Group's capital structure and operational strategy?"},{"label":"Market Recovery Outlook?","query":"How does the anticipated 'keen interest' in the Star Cruises Jetty reflect the current investor sentiment and recovery trajectory for the global cruise and tourism infrastructure market?"}],"footnotes":""},"categories":[157,16338],"tags":[23716],"class_list":["post-31309","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\/31309","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=31309"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31309\/revisions"}],"predecessor-version":[{"id":31325,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31309\/revisions\/31325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26763"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}