Genting Hong Kong Limited
GTHKF
Other OTC0.00
USD
- -
- -
ISIN
BMG3924T1062
Return %
Stock
S&P500
1Y
0.00
19.01
3Y
-99.29
65.49
5Y
-99.55
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jack Du Wayne Anderson
- Full Time Employees
- 8,200
- Sector
- Consumer Cyclical
- Industry
- Leisure
- Address
- Ocean Centre Tsim Sha Tsui Hong Kong
- IPO Date
- Sep 9, 2009
- Website
- gentinghk.com
- Similar Companies
- Business
- Genting Hong Kong Limited (SEHK: 678), an investment holding company formerly engaged in cruise operations, shipbuilding, leisure, and hospitality activities, operates through segments including Cruise and Cruise-Related Activities, Shipyard, and Non-Cruise Activities. The company offers cruises under the Star Cruises, Dream Cruises, and Crystal Cruises brands (collectively Genting Cruise Lines); shipyard services through MV Werften and Lloyd Werft in Germany, encompassing shipbuilding, repairs, and conversions; leisure and entertainment via Resorts World Manila in the Philippines, which includes hotels such as Maxims Tower, Marriott Hotel Manila, and Remington Hotel, along with the Newport Mall, Newport Cinemas, and Newport Performing Arts Theater; and additional onshore businesses in hotels, travel agency, aviation, entertainment, and residential property sales. Genting Hong Kong targets high-end consumers primarily in Asia and operates in over 20 locations worldwide, including Australia, China, Germany, India, Indonesia, Japan, Malaysia, the Netherlands, the Philippines, Singapore, Sweden, and the United States. Founded in 1993 and headquartered at Suite 1501, Ocean Centre, 5 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong, it forms part of the Genting Group with historical ties to Genting Berhad. In recent years, Genting Hong Kong underwent a $2.6 billion debt restructuring in 2024, securing amendments to existing debt and $700 million in new funding, alongside $148 million in backstop liquidity to enhance financial stability. The company completed recapitalization efforts but faced ongoing liquidity challenges, needing an additional $154 million by year-end, including $30 million in equity financing. Major operational shifts include the insolvency filings of shipyards MV Werften and Lloyd Werft in January 2022 amid failed government support negotiations, triggering cross-defaults on approximately $2.8 billion in financing. Genting Hong Kong filed for provisional liquidation in Bermuda on January 19, 2022, following a breakdown in creditor restructuring talks and a first-half 2020 net loss of $742.6 million exacerbated by the COVID-19 pandemic; Bermuda's Supreme Court approved full liquidation on October 7, 2022, alongside that of Dream Cruises, effectively ceasing active operations. Prior strategic moves encompassed the full acquisition of Lloyd Werft in May 2016, formation of MV Werften from Nordic Yards facilities in June 2016, divestiture of Zouk nightclub to a family-linked entity for $10.3 million in September 2020, and a 2016 privatization by Lim Kok Thay's family trust Golden Hope Limited.