The company stated that it has made all reasonable efforts to negotiate with the relevant counterparties under its financing arrangement, and has not yet reached a final agreement on solvency, consensus and a mutually conditional restructuring solution.
The company said that Genting Hong Kong will not be able to repay its debts due as the available cash balance is expected to be depleted at or around the end of January.
The company seeks to appoint Edward Simon Middleton and Wing Sze Wong of Ammann Consultants Ltd. as joint provisional liquidators.
The company continued to suspend trading.
other reports
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