HONG KONG - Cruise ship operator Genting Hong Kong has received indicative letters from private investors interested in investing in one of its cruise brands, the company said in a filing to the Hong Kong Stock Exchange dated Aug 28.
Genting Hong Kong said earlier this month it has suspended all payments to creditors, blaming its cash crunch on the coronavirus pandemic. The company said it owed a total of US$3.4 billion as at July 31. Its shares are down 58 per cent this year, battered by lockdown measures and travel curbs across the globe.
The company said the majority of its capital commitments of about US$1.3 billion as at June 30 will be delayed in view of suspended ship construction activities.
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