Genting Honk Kong Chair and CEO resign

The Chair Tan Sri KT Lim and CEO Colin Au have resigned as the  leaders of Genting Hong Kong following the appointment of joint provisional liquidators for the company.
According to Seatrade Cruise News, Lim was chairman, CEO and executive director, and Au was deputy CEO, group president and executive director, with one executive director remaining CFO Chan Kam Hing, with liquidators now managing the business.
Liquidators Edward Simon Middleton and Wing Sze Tiffany Wong of Alvarez & Marsal Asia Limited in Hong Kong and Edward Alexander Niles Whittaker of R&H Services Limited in Bermuda have been authorized by a Bermuda court to exercise the powers to manage the company’s business affairs.
Genting HK, the owners of Star Cruises, Dream Cruises and Crystal Cruises is  being wound up with cash expected to run out by the end of January.
On Friday, a creditor obtained an arrest warrant for Crystal Symphony in Miami over unpaid fuel bills, however the ship remains in the Bahamas and avoided going to Miami.
Other creditors told Seatrade Cruise News they are pursuing legal action.
The company remains in breach of Hong Kong Stock Exchange requirements and share trading continues suspended.
Edited by John Alwyn-Jones, Cruise Editor