Coronavirus Latest News

Will Genting’s Hong Kong plight affect its units in Malaysia, Singapore amid the Covid-19 pandemic?

Genting, the Malaysia-headquartered hospitality and leisure corporation, is facing a rocky road ahead as the Covid-19 pandemic continues to hammer tourism and related industries – most recently forcing chairman and director Lim Kok Thay to wager some of his fortune in a bid to save its embattled Hong Kong cruise operator arm.Lim on Thursday pledged nearly all of his 76 per cent stake in Genting Hong Kong as collateral for loans after the company’s stock plunged 38 per cent, a day following its…

Read the original article at South China Morning Post

Related Articles