Star NCLC, a wholly-owned subsidiary of Genting Hong Kong, plans to sell the 3.148 million shares in Norwegian Cruise Line Holding, Ltd (NCLH).
Since August last year, when Star NCLC signed an underwriting agreement with a US investment bank to dispose of its holding in the world’s third largest cruise shipping group, it has sold 22.5 million shares in NCLH.
“Depending on prevailing market conditions and subject to any contractual selling restrictions, Star NCLC may from time to time in the future continue to dispose of the Remaining NCLH Shares to realize its investments in NCLH. The Future Disposal together with the Previous Disposals may, on an aggregated basis, constitute a very substantial disposal of the Company under Chapter 14 of the Listing Rules and requires Shareholders’ approval in a general meeting of the Company,’ Genting Hong Kong said in a statement
The minimum selling price shall not be less than US$43.86 per remaining NCLH share, it added.