Genting HK to be delisted from SGX on 17 April

GENTING Hong Kong will be delisted from the Singapore Exchange on April 17 next year, the company said in an announcement on Monday, with the last day of trading to be April 10.

However, it is still planning to retain its primary listing in Hong Kong.

Last month, Genting HK said that it plans to focus its efforts in North Asia, and that a single primary listing in Hong Kong will increase its visibility among North Asian investors as well as the liquidity of its stock. The company will also save on costs associated with maintaining a listing in Singapore.

Genting HK noted at the time that it has not raised any funds in Singapore in the last six years.

The company, which is the cruises arm of the Genting gaming group, changed its name from Star Cruises to Genting HK around 2010.