Genting HK to further trim stake in Norwegian Cruise Line

GENTING Hong Kong and other shareholders have agreed to sell up to 25.3 million shares in Nasdaq-listed Norwegian Cruise Line Holdings (NCLH) in a secondary public offering.

NCLH had last month filed a registration statement with the US Securities and Exchange Commission for the offering.

The 25.3 million shares include 3.3 million shares that the underwriters have an option to purchase from the selling shareholders. Genting HK, through its wholly owned unit Star NCLC, has offered 11 million shares, plus an option for the underwriters of 1.65 million shares. The disposal of a stake of up to about 6.2 per cent will pare down Genting HK's stake from some 37.5 per cent to approximately 31.4 or 32.2 per cent (depending on whether the option is exercised).