{"id":777005160,"date":"2023-05-12T13:00:23","date_gmt":"2023-05-12T16:00:23","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777005160"},"modified":"2026-04-22T22:02:20","modified_gmt":"2026-04-23T01:02:20","slug":"genting-hong-kong-to-delist-from-hong-kong-stock-exchange","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-hong-kong-to-delist-from-hong-kong-stock-exchange","title":{"rendered":"Genting Hong Kong to delist from Hong Kong Stock Exchange"},"content":{"rendered":"\n

Genting Hong Kong will be delisted due to its insolvency.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.- Genting Hong Kong<\/strong> has announced through a company filing it has cancelled its listing on the Hong Kong Stock Exchange as it is no longer suitable for listing. The last day of the listing of the shares will be May 15, with the listing to be cancelled from 9.00am on May 16. <\/p>\n\n\n\n

The company said it will not apply for a review of the delisting decision made by the Listing Committee. It said: “All shareholders and investors of the company should note that after the last listing date, whilst the share certificates of the shares of the company will remain valid, the shares will not be listed on, and will not be tradeable on the Stock Exchange. Thereafter, the company will no longer be subject to the listing rules.”<\/p>\n\n\n\n

In January 2022, Genting filed for liquidation<\/a> after a German court rejected a request to release US$88m for its shipyard unit MV Werften<\/strong>. Last July, the cruise ship operator<\/a> reported that various non-core subsidiaries had entered into insolvency proceedings in the relevant jurisdictions, including Australia, Hong Kong, Malaysia, Singapore and the United States.<\/p>\n\n\n\n

Last September, Resorts World Cruises Pte Ltd<\/strong>, the company launched by Genting Hong Kong founder Lim Kok Thay<\/a> in April, purchased Star Market Holdings<\/strong>, the owner of Genting Hong Kong\u2019s cruise trademarks. <\/p>\n","protected":false},"excerpt":{"rendered":"

Genting Hong Kong will be delisted due to its insolvency.<\/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 being delisted from the Hong Kong Stock Exchange effective May 16 due to its insolvency, following a German court's rejection of funding for its MV Werften unit. This action follows widespread insolvency proceedings across its non-core subsidiaries in multiple jurisdictions. The company will not appeal the delisting decision, rendering its shares untradeable on the exchange.","focusai_entities":"Genting Hong Kong, Hong Kong Stock Exchange, MV Werften, Resorts World Cruises Pte Ltd, Lim Kok Thay, Star Market Holdings","focusai_location":"Hong Kong, Germany, Australia, Malaysia, Singapore, United States","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.85), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Genting Group Impact?","query":"What are the broader implications of Genting Hong Kong's delisting and insolvency for other entities within the wider Genting Group, particularly those in the iGaming and land-based casino verticals, regarding capital access and market perception?"},{"label":"Shareholder Recourse?","query":"Given Genting Hong Kong's delisting and decision not to appeal, what are the remaining legal and financial recourse options for its shareholders, and how does this impact future investor confidence in similar conglomerates?"}],"footnotes":""},"categories":[157,16338],"tags":[23716],"class_list":["post-777005160","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\/777005160","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=777005160"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005160\/revisions"}],"predecessor-version":[{"id":777005195,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005160\/revisions\/777005195"}],"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=777005160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}