Lim Kok Thay Steps Down as Genting H.K. CEO After Petition to Wind Up Company

Billionaire businessman Lim Kok Thay has stepped down as chairman and chief executive of Genting Hong Kong after the cruise ship operator filed a petition in a Bermuda court to wind up its cash-strapped business.

The company said in a filing with the Hong Kong Stock Exchange that deputy CEO Au Fook Yew had also stepped down, putting it in breach of stock exchange listing requirements. It said it would seek to find suitable candidates to fill the vacancies as soon as possible.

It gave no further comment on the resignation of Lim, who is also head of the Genting Group and the second son of Lim Goh Tong, who founded the conglomerate.

Source: https://agbrief.com/news/malaysia/24/01/2022/lim-kok-thay-steps-down-as-genting-h-k-ceo-after-petition-to-wind-up-company/