STAR Cruises Ltd, a 34% associated company of Resorts World Bhd, is seeking to raise US$150mil via an issue of convertible bonds to part-finance the acquisition of two new liners for its North American cruise routes.
“We will be in a very stretched position if we don’t (raise the money),” Star Cruises senior vice-president Michael Lim was quoted as saying in a Bloomberg report yesterday.
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