Genting Hong Kong Woes Put Focus on Billionaire Lim’s Next Steps

Troubled cruise operator Genting Hong Kong Ltd. has filed to wind up the company, putting the spotlight on what support its lead shareholder Lim Kok Thay may provide.

The Hong Kong-based firm has been pummeled by the plunge in travel demand due to Covid-19 that has led to a string of restructurings and insolvencies among travel firms globally. It reported a record loss of $1.7 billion in May, and the latest developments come just as Hong Kong reimposes some of its strictest virus curbs since the pandemic began.

Lim Kok Thay

Photographer: Nicky Loh/Bloomberg

Winding up the company likely won’t have any earnings impact on ...