Last year, White Supreme Corp, had acquired 50% of Genting Macau Holdings Ltd. It now has been given the opportunity to purchase the remaining stake.
The acquisition had cost HKD750m ($96.7m) and now the deadline for the remaining stake is set at 1 December 2021.
Genting Hong Kong, an operator of cruise ships and a parent company of Genting Macau stated that the said acquisition would allow the company to focus upon the cruise and shipyard operations. It also explained that it needs to diversiy its resources.
In a statement, Genting Hong Kong added: “The Transaction is aligned with the Group’s objective to sell non-core assets and will reduce the Group’s financial burden in meeting future funding requirements in relation to Genting Macau’s business.”