As for the 69-year old Kok Thay, he developed a penchant for the cruise business after seeing the success of Carnival Cruise in Central America in the late 1990s. In Star Cruises, he built a company that rivalled some of the bigger names in the cruise business. The cruise business is run by a Colin Au, a long-time associate of Kok Thay, who is just as passionate about the cruise business as the former. Today, the expansion in the cruise business is biting hard on Kok Thay. Interestingly, Genting Malaysia was once invested in Genting Hong Kong and had disposed of that 17% block for US$415mil in 2016.

Source: The Star August 22, 2020 00:00 UTC