• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

GEN HK targets April 17 exit from Singapore Exchange

Nov 14, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck  


GEN HK targets April 17 exit from Singapore Exchange

Casino and casino cruise ship investor Genting Hong Kong Ltd said on Monday that it is aiming to “delist” its shares from the main board of the Singapore Exchange on April 17, 2018. The company said stockholders wishing to continue to trade its Singapore-registered shares via the Hong Kong Stock Exchange have until  March 29, 2018 to transfer them to Hong Kong’s Central Clearing and Settlement System.

“Shareholders’ voting rights and entitlement to dividends will not be affected by the delisting,” said the company in Monday’s filing.

The firm stated that the last day for trading of its shares on the Singapore Exchange would be April 10, with trading there being suspended at 9am the following day.

Genting Hong Kong had said the reason for the delisting in Singapore is to allow the firm “to focus its efforts and resources on its core business activities relating to the operation of cruise ships in Asia (in particular, North Asia)”.

“The company believes that it is desirous to increase the visibility of the company among the North Asian investors and envisages that maintaining a single primary listing on the main board of the Hong Kong Stock Exchange… will enhance the company’s profile to North Asian investors,” the firm said last month when it announced the intention to delist from the Singapore Exchange.

Genting Hong Kong – a subsidiary of Malaysian conglomerate Genting Bhd – has been accelerating expansion plans for its cruise business and has developed a three-brand portfolio of cruise lines serving different parts of the market: Crystal Cruises for what it terms the ultra-luxury segment; Dream Cruises for what it describes as the premium segment; and Star Cruises for what it defines as the “contemporary” segment.


  • tweet
Related articles
  • Macau gaming workers 27pct of underemployed population
    Macau gaming workers 27pct of...

    May 24, 2022  

  • New Lim cruise biz only months after GEN HK in liquidation
    New Lim cruise biz only months after...

    May 18, 2022  

More news
  • Macau’s unemployment an instability factor to security: govt
    Macau’s unemployment an...

    May 24, 2022  

  • Wynn Macau Ltd asks managers to take 10pct wage in stock
    Wynn Macau Ltd asks managers to take...

    May 24, 2022  


Latest News

Macau’s unemployment an instability factor to security: govt

Macau’s unemployment an instability factor to security: govt

May 24, 2022  

Macau’s unemployment rate, and the resulting social pressure, could potentially result in “instability” regarding the city’s security, said the Office of the Secretary for Security in...
Read More
Wynn Macau Ltd asks managers to take 10pct wage in stock

Wynn Macau Ltd asks managers to take 10pct wage in stock

May 24, 2022  

Macau op debt to hit US$25bln unless travel eased 2H: MS

Macau op debt to hit US$25bln unless travel eased 2H: MS

May 24, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Resorts World Sentosa is now looking at broadening its customer base to those who engage in casual play for entertainment"

Tan Hee Teck

Genting Singapore’s president and chief operating officer



Most Popular

  • Macau GGR tax cut idea tied to China outlook: brokerageMacau GGR tax cut idea tied to China outlook: brokerage May 23, 2022
  • Review saw no irregularity in Levo Chan link: Macau LegendReview saw no irregularity in Levo Chan link: Macau Legend May 23, 2022
  • Wynn Macau Ltd asks managers to take 10pct wage in stockWynn Macau Ltd asks managers to take 10pct wage in stock May 24, 2022
  • RWS seeking to expand gaming customer base: execRWS seeking to expand gaming customer base: exec May 24, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us