Cruise Operator Genting Hong Kong Files to Wind Up Company

Cruise Operator Genting Hong Kong Files to Wind Up Company

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the financial troubles of Genting Hong Kong, a major cruise operator, which stem from the insolvency of MV Weston, a German shipbuilder. The pandemic has severely impacted the cruise industry, leading to Genting's struggles. The company has suspended share trading and is seeking clarity on the future of its operations. Some business activities, like Dream Cruises, will continue, but most will cease. The video also touches on the implications for other companies in the Genting Group, such as those in Malaysia and Singapore.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contributed to the insolvency of Genting Hong Kong?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How many staff does MV Weston have and what type of ships do they build?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact did the pandemic have on the cruise industry according to the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the status of the shares of Genting Hong Kong as mentioned in the text?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the future prospects for other companies in the Genting Group?

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