Genting M'sia gets nod to sell stake in HK-listed cruise operator

Genting Hong Kong operates SuperStar Virgo, a floating 5-star "resort."

KUALA LUMPUR: Genting Malaysia Bhd has been given the authority by its shareholders to sell its entire interest in luxury cruise operator Genting Hong Kong Ltd. The sale, which will be for no less than US$472.2mil (RM1.77bil) in cash, paves the way for the group to raise funds for its 10-year multi-billion-ringgit master plan announced at end-2013 to upgrade and expand Resorts World Genting.