Genting Singapore in stronger position than Genting HK: analysts

Singapore

CRUISE ship operator Genting Hong Kong (GENHK) is struggling to repay its creditors, but analysts say the same is unlikely to be the case for Genting Singapore given the latter's financial strength.

Last month, GENHK said it had suspended all payments to creditors in a bid to maintain its critical services. As the company's stock slid, its largest shareholder Lim Kok Thay reportedly had to pledge even more of his stake as collateral for loans.