The sale was announced by Genting HK on Sept 1. On Aug 28, Keong Hui resigned as executive director and deputy CEO of Genting HK, in order to “devote more time to other business commitments”.
Lim Keong Hui, son of Genting group boss Lim Kok Thay, has bought over the Zouk Group from Genting Hong Kong for $14 million, or HK$79.3 million. Genting HK, whose main business is in operating cruise ships, will book a gain of HK$6.7 million from the sale.
Hong Kong-listed Genting HK bought Zouk from its founder Lincoln Cheng back in 2015 for an undisclosed sum.
