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KUALA LUMPUR – Genting Group chairman Tan Sri Lim Kok Thay has reportedly launched a new company in Singapore called Resorts World Cruises, sparking speculation that the tycoon may be launching a new cruise operation just two months after Genting Hong Kong’s collapse, according to the Straits Times.
Lim resigned as Genting Hong Kong chairman and chief executive officer in January after the cruise operator filed to wind up its business – one of the most high-profile casualties of the Covid-19 pandemic.
Barely two months later, Resorts World Cruises was incorporated in Singapore on March 9.
The company is held by Two Trees Family Holdings, an investment holding company created last year which lists Lim, his son Lim Keong Hui and Gerard Lim Ewe Keng as directors, according to documents sighted by the Singaporean daily.
Genting Hong Kong, which Lim founded in 1993, reported a record US$1.7 billion (RM7.2 billion) in losses in May. Its winding up petition followed the move by its wholly owned subsidiary, shipbuilder MV Werften, to file for insolvency in a German court. – The Vibes, April 19, 2022