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Cruise Operator Genting Hong Kong Files to Wind Up Company

  • Troubled firm has moved to appoint provisional liquidators
  • Company has been in default on $3.4 billion since 2020
Bloomberg business news
WATCH: Troubled cruise operator Genting Hong Kong has filed to wind up the company. Bloomberg’s Katrina Nicholas reports.Source: Bloomberg
Updated on

Genting Hong Kong Ltd. has filed to wind up the company in one of the biggest stumbles by a cruise operator globally after the pandemic ravaged the industry and drove its German shipbuilding subsidiary into insolvency.

The filing with the Supreme Court of Bermuda to appoint provisional liquidators comes after the firm “exhausted all reasonable efforts” to negotiate with its creditors and stakeholders, it said in a statement to the Hong Kong stock exchange Wednesday.