Future looks good for Genting Hong Kong: group chairman

Hard for Genting Malaysia to dispose of Genting HK stake but continuing to hold it is not necessarily bad: Lim Kok Thay

Published Thu, May 19, 2016 · 09:50 PM

Kuala Lumpur

ALTHOUGH Genting Malaysia Bhd (GenM) will find it tough to dispose of its 17.8 per cent stake in Genting Hong Kong (GHK), things could turn out for the best as the latter's cruise business is expected to deliver in the longer term, according to group chairman and chief executive Lim Kok Thay.

"It's a controlled company so that stake, while it's fairly large, doesn't accord any benefit to a potential buyer unless they figure out it is good enough value. Other than that, to expect a buyer to pay a premium may be difficult because there is no other advantage or benefit. That unfortunately is the situation.

"So, if there is no buyer, they will continue to hold it. Is it a bad thing? It m…

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