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678 - Genting Hong Kong Reuters News. GHK-Genting Hong Kong announced that the plan to sell and lease back the Crystal Endeavor expedition ship for a total price of EUR 350 million had been terminated: reference was made to the announcement of the Company dated December 23, 2019.. Anne Kalosh | Jan 08, 2020 The company has also reached an agreement to lease back the ship, which operates for its Dream Cruises brand. Genting Hong Kong (SGX:S21) Latest News 2020-10-07 11:57:05 Genting HK gets €193m German aid after asking for €570m, largest sum requested by foreign firm — report Genting Hong Kong shares were down 33% at 2:31 p.m. local time, after falling a record 36%. Cruise operator Genting Hong Kong said it plans to resume service in mainland China by the end of the year with “cruises to nowhere” from Sanya city. Genting Hong Kong, as part of its full year 2019, financial report, projected that the sectors it focuses on would suffer a “major setback” as a result of Covid-19. Press Releases. Generally speaking long term investing is the way to go. News on Genting Hong Kong Ltd (Gent HK) opting to suspend payments to all creditors to preserve cash is expected to trigger a knee-jerk reaction to the share prices of its sister companies — Genting Bhd and Genting Malaysia Bhd (GENTM) on Bursa Malaysia, although the duo do not hold any equity stake in the Hong Kong-listed cruise operator. Lim Keong Hui, son of Genting Group Chairman Lim Kok Thay, has stepped down an executive director and deputy CEO of Genting Hong Kong. Genting Hong Kong Limited is a Hong Kong-based investment holding company principally engaged in cruise businesses. I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. Simply Wall St. The company had paid bank fees that were due a fortnight ago. HK$0.325 0.0 0.0% Last Trade - 8:09am. Cruise operator Genting Hong Kong said it plans to resume service in mainland China by the end of the year with “cruises to nowhere” from Sanya city. Sector Consumer Cyclicals RiskRating. Genting Hong Kong has received “indicative letters” from private investors interested in investing in one of its cruise brands, it has confirmed in a regulatory filing. In view of the substantial delay in building and delivery of the Crystal Cruises' vessel due to the impact of the Coronavirus (COVID-19) … Find the latest news headlines from Genting Hong Kong Ltd (GTHKF) at Nasdaq.com. The Company operates through two segments. 10/07: GENTING HONG KONG: Cruise Industry Veteran Jack Anderson Assumes Interim Presid.. AQ. The global cruise ship operator is struggling to endure amid growing debts and the suspension of operations due to Covid-19. shares were untraded due to a holiday in Malaysia. The Hong Kong cruise firm is linked to Genting Bhd. Genting Hong Kong Ltd. operates as an investment holding company, which engages in the business of cruise and cruise related operations and leisure, entertainment and hospitality services. Genting Hong Kong confirmed the sale of the 3,348-passenger Genting Dream for a total consideration of US$900m. Genting Singapore Ltd. fell 2.8%. When Genting Hong Kong acquired Crystal in 2015, it operated two ocean ships; today, Crystal is a multi-brand company with a river line, a yacht, and an expedition ship under construction. Cruise ship operator Genting Hong Kong Ltd (Genting HK) has applied for €570 million (about RM2.78 billion) from Germany's coronavirus stabilisation fund — the largest publicly known such request by a foreign company to support the firm’s struggling shipyards in the country, despite reservations over state handouts to foreign investors, Nikkei Asia reported. Visit TradeWinds for the best news, insight and opinion covering the global shipping business. Get Genting Hong Kong Ltd (678-HK:Hong Kong Stock Exchange) real-time stock quotes, news and financial information from CNBC. Commenting on the news, the Genting Hong Kong Limited officials stated that its newest business partner is a highly reputable institution and that its presence in Dream Cruises will definitely help the company grow and expand further. Speculative. View the latest Genting Hong Kong Ltd. (678) stock price, news, historical charts, analyst ratings and financial information from WSJ. THE BUSINESS TIMES Genting - Find Genting News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. Genting Hong Kong added that sailing activities worldwide came to a grinding halt as the Covid-19 pandemic took hold, and given the uncertainty of the situation, it had issued a profit warning announcement for its results for six months, ended June 30, 2020, on March 13 and August 7. Latest News ... Genting Hong Kong in $900m sale and lease-back deal with Chinese lessors THE BUSINESS TIMES Genting - Find Genting News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. News. News Financial 4 Aug 2020 By Violeta Prockyte Genting Hong Kong has issued a warning over “significantly higher” net loss for the first half of the year, compared to … Genting Hong Kong held its first creditors’ meeting last week as part of its pursuit of a restructuring. Read … Genting Hong Kong Limited (Chinese: 雲頂香港有限公司) is a holding company that operates cruise and resort businesses .It is headquartered in Hong Kong and listed on the Hong Kong Stock Exchange (SEHK: 678).It is part of the Genting Group, whose chairman Lim Kok Thay is also the chairman and majority shareholder of Genting Hong Kong with 69% ownership of April 2020. Genting Hong Kong has appointed Colin Au as the group president of the company with immediate effect. through its chairman Lim, who owned 69% of the Hong Kong unit’s shares as of April 3. Almost all of his 76 per cent stake in Genting Hong Kong is now committed - or six billion shares, according to a stock exchange filing at the end of last month - up from 5.5 billion shares in April. Genting Hong Kong has announced plans for a debt restructuring, citing COVID-19, which, it said, has had and continues to have a material impact on its financial position and results. Follow the latest news and comprehensive coverage on GENTING HONG KONG at CNA. Genting Hong Kong Insider Transactions Over The Last Year Notably, that recent purchase by Kok Lim is the biggest insider purchase of Genting Hong Kong shares that we've seen in the last year. View the latest Genting Hong Kong Ltd. (GTHKF) stock price, news, historical charts, analyst ratings and financial information from WSJ. Genting Bhd. Genting HK had previously reported missing the payment of €3.7m in bank fees relating to its … Mr Lim resigned from the Genting Hong Kong board last week. Some Genting Hong Kong (HKG:678) Shareholders Have Taken A Painful 74% Share Price Drop. Most relevant news about GENTING HONG KONG LIMITED: 11/10: Genting Hong Kong Sells 50% Stake in Genting Macau for $97 Million; Shares Sl.. MT. 10/02: Find the latest GENTING HONG KONG LIMITED (GTHKF) stock quote, history, news and other vital information to help you with your stock trading and investing. That means that even when the share price was higher than HK$0.49 (the recent price), an insider wanted to purchase shares. Genting Hong Kong (OTCPK:GTHKF) expects the cruise business environment in 2020 to continue to be challenging due to the coronavirus crisis. 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