World Dream cruise liner, owned by Genting Hong Kong Ltd, docking at the Kai Tak cruise terminal in Hong Kong. Genting Hong Kong, which also owns Dream Cruises, Star Cruises, Resorts World Manila, and more, suspended payments to creditors as it tries to restructure to try and deal with the continuing fallout from Covid-19. – EPA pic, August 27, 2020.
GENTING Group is the latest casualty of the coronavirus pandemic after its Hong Kong unit suspended payments to creditors, reportsWhile Genting Hong Kong Ltd is a separate entity from Genting Malaysia, group chairman Lim Kok Thay holds stocks in both companies, sending fears that the former’s woes will weigh on the latter’s performance here.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alibaba’s Ant Group files for blockbuster Hong Kong, Shanghai dual listingHONG KONG: Ant Group, Alibaba's fintech arm and China's dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai's Nasdaq-...
Source: theSundaily - 🏆 25. / 51 Read more »
US slams HSBC over treatment of Hong Kong customers, says China ‘bullying’ UK | Malay MailWASHINGTON, Aug 26 — US Secretary of State Mike Pompeo today renewed criticism of British bank HSBC for its reported treatment of customers linked with the pro-democracy movement in Hong Kong, saying China was “bullying” the United Kingdom. Pompeo cited reports of Hong Kong-based executives...
Source: malaymail - 🏆 1. / 86 Read more »
Canadian foreign minister pressed China counterpart over detainees, Hong Kong, says Ottawa | Malay MailROME, Aug 26 — Canadian Foreign Minister met his Chinese counterpart, Wang Yi, in Rome yesterday and urged Beijing to release two citizens of Canada it has detained, Ottawa said. Champagne also raised Canada's opposition to China over its treatment of Hong Kong, said a government official...
Source: malaymail - 🏆 1. / 86 Read more »
Hong Kong stocks close flat on virus concerns | Malay MailHONG KONG, Aug 26 — Hong Kong shares ended flat today as concerns about the impact of coronavirus offset hopes for a vaccine, while investors are awaiting a speech by the head of the US Federal Reserve later in the week. The Hang Seng Index inched up 5.57 points to 25,491.79. The benchmark...
Source: malaymail - 🏆 1. / 86 Read more »
Two Hong Kong opposition lawmakers arrested over protests | Malay MailHONG KONG, Aug 26 — Two prominent Hong Kong opposition lawmakers were arrested today in a police operation focused on last year's huge anti-government protests, the latest move in a widening crackdown against the city's democracy camp. Lam Cheuk-ting and Ted Hui were detained after raids on their...
Source: malaymail - 🏆 1. / 86 Read more »
Hong Kong activist warns West to shun Chinese technology ties | Malay MailROME, Aug 25 — Chinese businesses like Huawei Technologies Co pose a threat to the West, Hong Kong pro-democracy activist Nathan Law said on a visit to Italy today, shortly before the Italian foreign minister was due to meet China’s top diplomat. Law, a former legislator, left Hong Kong last...
Source: malaymail - 🏆 1. / 86 Read more »