Singapore: Star Cruises and other Genting Hong Kong subsidiaries to undergo liquidation

Joint and several provisional liquidators from Alvarez & Marsal (SE Asia) Pte. Ltd. have been selected for Singapore-based CruiseGlobal Pte. Ltd., Star Cruise Pte. Ltd., and Star Cruises Singapore Investment Holding Pte. Ltd. on Monday (25 April), according to a notice on the Government Gazette.

The provisional liquidators have scheduled a creditors meeting for CruiseGlobal Pte. Ltd. (UEN: 201939220M) to take place on 10 May, 2022.

Creditors meetings for Star Cruise Pte. Ltd. (UEN 199306132G) and Star Cruises Singapore Investment Holding Pte. Ltd. (UEN: 200415793C) have been arranged to take place on 11 May, 2022.

Hong Kong-listed Genting Hong Kong, formerly known as Star Cruises Limited, which underwent financial troubles during the beginning of 2022 is the parent company of CruiseGlobal Pte. Ltd., Star Cruise Pte. Ltd., and Star Cruises Singapore Investment Holding Pte. Ltd.

Lim Kok Thay, the former chairman and CEO of Genting Hong Kong, has established a new cruise company called Resorts World Cruises at Singapore in March 2022.

Related: Peninsula Petroleum Far East seeks total USD 4.6 million from “Crystal Symphony”, Crystal Cruises, Star Cruises

Photo credit: steve pb from Pixabay
Published: 26 April, 2022