SHAH ALAM, Jan 27 The Ministry of Finance (MoF) is monitoring the situation surrounding cruise operator Genting Hong Kong, which has filed to wind up the company. Speaking to the press after chairing the Selangor Development Action Council Meeting here, International Trade and Industry.
GENTING Hong Kong Ltd (Genting HK) is involved in a legal tussle with the German government. It isn’t about a casino licence in Deutschland but a shipyard in Germany’s northeast state of Mecklenburg-Vorpommern an investment that Tan Sri Lim Kok Thay made in 2015. The rationale for the US$35 million-plus investment was to have a vertical integration, meaning owning a shipyard that could build cruise ships for Genting HK’s cruise operations.