-- Cruise ship operator Genting Hong Kong Ltd. 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 of July 31. Its shares are down 58% this year, battered by lockdown measures and travel curbs across the globe. They climbed 1.6% as of 1:48 p.m. in Hong Kong, halting a four-day drop.
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. These funds will be used to finance the working capital needs of the shipyards and on-going construction of new ships, it said. Upon completion of the new cruise ships, the group will be able to draw down project financing from the lenders, it said.
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Genting Hong Kong gets interest from investors for cruise brandHONG KONG (BLOOMBERG) - 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.. Read more at straitstimes.com.
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Genting Hong Kong gets interest from investors for cruise brand[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. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »