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Cruise operator Genting bankrupt

The ailing owner of the German MV-Werften is now also facing bankruptcy. Genting Hong Kong filed to wind up the company at the Supreme Court of Bermuda. As the company announced on the Hong Kong stock exchange on Wednesday, it also submitted proposals for liquidators. They are to work on restructuring and conduct negotiations with creditors. The decision was said to have been made after all efforts to negotiate with creditors and shareholders were exhausted. Trading in the Group’s shares has already been suspended since Tuesday.

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