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Hong Kong to Recognize Bermuda Court-Appointed Liquidators of Genting

MT Newswires ·  {{timeTz}}

06:53 AM EDT, 05/25/2022 (MT Newswires) -- Hong Kong 's High Court approved the application of Genting (HKG:0678) to recognize the appointment and powers of the company's provisional liquidators in the city as they were appointed by an overseas court, according to a Wednesday filing.

The development comes four months after the cruise operator filed a petition to wind up its business with the Supreme Court of Bermuda and sought provisional liquidators to assist the group with its debt restructuring.

Trading in the shares of Genting has been suspended since Jan. 18 and remains so.

Price (HKD): $0.42, Change: $+0.02, Percent Change: +5.06%

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