"At the present time, the JPLs do not intend to submit a resumption proposal due to, among other things, the winding-up of the company (Genting HK) and Dream Cruises,” Genting HK said in a filing with The Stock Exchange of Hong Kong Ltd on Monday evening (Oct 17). "An application was made with the stock exchange for the suspension of trading of the shares in the company (Genting HK) with effect from 9am on Jan 18, 2022, and it will remain suspended until further notice,” Genting HK said. "Certain of the group’s secured creditors have taken enforcement actions over substantially all of the vessel assets of the group,” Genting HK said. On Oct 10, Genting HK said in a bourse filing the Bermuda Court on Oct 7 ordered that the group and Dream Cruises be wound up. In addition, the JPLs of Genting HK and Dream Cruises were ordered to continue in their role for both entities, and that their powers shall not be limited, according to Genting HK.

Source: The Edge Markets October 18, 2022 13:51 UTC