Genting Hong Kong which is majority owned by Malaysian billionaire Lim Kok Thay warned that cross defaults could follow the collapse of MV Werften. THREE Malaysian financial institutions are set to be hit hard following financial troubles at cruise operator Genting Hong Kong reported the Singapore Straits Times today.
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The financially strapped Genting HK which is part of Genting Malaysias empire of companies held by billionaire Lim Kok Thay is facing court cases in the United States US over unpaid fuel bills.
. Mr Lim and his family own 755 per cent of. Once one of Asias biggest cruise operators Lims company. Lim Kok Thay built up Genting Hong Kong from the 1990s as a way of diversifying the casino business set up by his father in Malaysia.
The company which had about US453 million in. Genting Hong Kong is part of Malaysian tycoon Lim Kok Thays sprawling casino-to-hospitality Genting empire.
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