Troubled Genting Hong Kong reshuffles

Genting Hong Kong has seen a major restructuring of its senior management and director and deputy CEO Lim Keong Hui has resigned.

The company has appointed Au Fook Yew in his place and added another director in Chan Kam Hing. Lim’s resignation took effect on Friday, August 28.

His action, he said, was to “devote more time to other business commitments.” Au is currently the group’s president and is responsible for Genting Cruise Lines, a collection of three brands: Dream Cruises, Star Cruises and Crystal Cruises.

He joined Genting in Malaysia 40 years ago and has served in a number of positions with the group around the world. Chan has been serving as CFO of the company for the past three years. He was previously with other companies in the hotel and casino business.

Genting Hong Kong operates cruise and resort businesses and was 17.8 per cent owned by Genting until it was sold to the Lim Kok Thay family. It is now detached from the Malaysian giant. Apart from its cruise lines, it owns Resorts World Manila.

In recent months, however, there has been some problems at the company, most notably its suspension of payments to creditors earlier this month, affecting around US$3.4bn, blamed on the effects of the Covid-19 pandemic. The changes in management is widely viewed as a restructuring following the problems of this year.