Malaysian lenders hit by troubles at Genting Hong Kong

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KUALA LUMPUR - The troubles at cruise operator Genting Hong Kong Ltd, major Asian corporate casualty of the Covid pandemic, are set to hit the profitability of three of Malaysia's top financial instit

KUALA LUMPUR - The troubles at cruise operator Genting Hong Kong Ltd, major Asian corporate casualty of the Covid pandemic, are set to hit the profitability of three of Malaysia's top financial institutions.

Financial executives involved in the restructuring efforts at Genting Hong Kong, which is controlled by gaming tycoon Lim Kok Thay, noted that top banks Malayan Banking Bhd, CIMB Bhd and RHB Bhd are among the chief unsecured creditors of troubled cruise operator Genting Hong Kong Ltd, with a combined exposure of US$600 million .

 

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