Malaysian tycoon behind sinking cruise firm Genting puts fortune on the line

Malaysian tycoon behind sinking cruise firm Genting puts fortune on the line

Milada Vigerova?Unsplash

Malaysian tycoon Lim Kok Thay has pledged nearly his entire stake in embattled cruise operator Genting Hong Kong Ltd. as collateral for loans, raising the risk of a margin call after the stock plunged 38% on Thursday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter