Genting Hong Kong To Buy Yacht Business For US$37.94 Million
Published: Thursday, 18 December 2014
Resort, cruise and entertainment company Genting Hong Kong has agreed to purchase EXA Ltd. for US$37.94 million.
EXA is an investment firm that owns shares in Italian-based yacht designer and builder Wider SRL, Singapore-listed luxury yacht manufacturer Grand Banks Ltd, and Dutch yacht and submersible company U-Boat Worx BV. EXA also owns Wider Yacht Asia Ltd. and Wider Yacht China Ltd.
(Photo: David Pearlman)
The acquisition will complement Genting’s current businesses including Star Cruises, which was established in 1993.