Genting Hong Kong (GENHK)

Genting and its companies are dealt its cards

Pledging shares is not unusual, especially in Asia, where high-growth companies are more common and tycoons often turn to lenders and other financial-services firms that offer cash in exchange for committed stock.

HONG KONG (Aug 14): Cruise operator Genting Hong Kong Ltd said it, Apollo Funds and TPG Fund have agreed to sell an aggregate 6.58% of shares in Norwegian Cruise Line Holdings Ltd with market value of US$428 million ($581.8 million) to third party investo

SINGAPORE (Aug 2): UOB KayHian is maintaining its “sell” rating on Genting Hong Kong (GENHK) with a target price of 26 cents given its cruise segment is unlikely to turn losses around in 2018.