Tan Sri Lim Kok Thay

Shares of Lim Kok Thay’s Genting Bhd. tumbled on Friday, adding pressure on the Malaysian tycoon to shore up a cruise ship operator whose debt woes have rattled investor confidence in one of Southeast Asia’s biggest conglomerates.

Pledging shares is not unusual, especially in Asia, where high-growth companies are more common and tycoons often turn to lenders and other financial-services firms that offer cash in exchange for committed stock.

SINGAPORE (Oct 3): Genting Hong Kong says it has received approval from the Singapore Exchange to delist its shares from the Mainboard.

(May 29): There is a new twist to the feud in the family of the late Tan Sri Lim Goh Tong that controls Genting Bhd.