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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Genting Hong Kong Limited    678   BMG3924T1062

GENTING HONG KONG LIMITED

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Genting Hong Kong : MAJOR TRANSACTION IN RELATION TO THE DISPOSAL OF UP TO 35% INTEREST IN DREAM CRUISES - UPDATE ANNOUNCEMENT

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02/02/2020 | 05:10am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

MAJOR TRANSACTION

IN RELATION TO THE DISPOSAL OF UP TO 35% INTEREST

IN DREAM CRUISES

UPDATE ANNOUNCEMENT

Reference is made to the announcements of the Company dated 6 August 2019 and 1 November 2019 and the circular of the Company dated 24 September 2019 (the "Circular") in relation to the Disposal. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that the Second Closing took place on 31 January 2020 (after trading hours). The number of Second Tranche Shares acquired by the Purchaser was approximately

3.58 common shares in Dream Cruises (representing approximately 0.36% of the issued share capital of Dream Cruises), and the Second Closing Consideration paid by the Purchaser was US$5,036,456.26 (taking into account the post-Closing Consideration Adjustment as described in the Circular).

By Order of the Board

Tan Sri Lim Kok Thay

Chairman and Chief Executive Officer

Hong Kong, 2 February 2020

As at the date of this announcement, the Board comprises two Executive Directors, namely Tan Sri Lim Kok Thay and Mr. Lim Keong Hui, and three Independent Non-executive Directors, namely Mr. Alan Howard Smith, Mr. Lam Wai Hon, Ambrose and Mr. Justin Tan Wah Joo.

Disclaimer

Genting Hong Kong Limited published this content on 02 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2020 10:09:01 UTC

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Financials (USD)
Sales 2019 1 561 M - -
Net income 2019 -151 M - -
Net Debt 2019 2 189 M - -
P/E ratio 2019 -5,52x
Yield 2019 -
Capitalization 657 M 657 M -
EV / Sales 2018 1,65x
EV / Sales 2019 1,94x
Nbr of Employees 16 200
Free-Float 24,8%
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Managers
NameTitle
Kok Thay Lim Chairman & Chief Executive Officer
Fook Yew Au Group President
Kam Hing Chan Chief Financial Officer
Alan Howard Smith Deputy Chairman
Keong Hui Lim Deputy CEO & Executive Director
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