Cruise operator Genting Hong Kong Ltd. sought court approval to appoint outside professionals to help lead a restructuring, becoming the industry’s highest-profile financial casualty since the onset of the Covid-19 pandemic.
Genting Hong Kong , which is majority owned by Malaysian billionaire Lim Kok Thay, said it would imminently be unable to pay its debt and that it expects to run out of cash around the end of the month. The company, which runs cruises under the Star, Dream and Crystal brands, said it had exhausted efforts to negotiate with financing counterparties.
