Crystal and Regent cousins?

[Travelcat2]

Many of you have already read that Crystal has been purchased by a company in Hong Kong (the announcement can be read on the Crystal board as well as on Seatrade Insider). The reason I am posting this on the Regent board is because there is some cross-ownership between the Genting Group, Star Cruises and NCL. Below is a copy of one part of the announcement:

 

 

About GHK and the Genting Group

Genting Hong Kong Limited is primarily listed on the Hong Kong Stock Exchange, secondary listed on the Singapore Stock Exchange and is part of the Genting Group (http://www.genting.com), a global company founded in 1965 operating destination resorts in Malaysia, the Philippines, Singapore, South Korea, the United Kingdom and the Americas. The Genting Group has substantial investment in the cruise industry through GHK and its wholly owned Star Cruises and now Crystal Cruises brands, and is a major shareholder of Norwegian Cruise Line. Additionally, the Genting Group has interests in agriculture, real estate, oil exploration and bio-medical industries. Genting has over 40 years of experience in the hospitality and leisure industry and collectively employs approximately 60,000 people. Genting properties offer an unparalleled resort experience to over 50 million visitors a year.

Edited March 3, 2015 by Travelcat2

[wripro]

Well, like Regent Crystal is building a new ship!

[Suite Travels]

I got the e-mail from Crystal this morning and really dont know what to make of it. All I can say is the Crystal natives are restless and posting nothing but unfounded conjecture. Nothing that I read is written in stone or any details given. It is way too soon to elaborate on what may or may not happen.

Edited March 3, 2015 by Suite Travels

[hypercafe]

Since Star has holdings in NCL do you think Frank will soon be in charge of Crystal too?

 

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[Suite Travels]

Since Star has holdings in NCL do you think Frank will soon be in charge of Crystal too?

 

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More unfounded conjecture. Nothing is going to change in the near future at Crystal according to my Ceystal Society e-Mail this morning. All crew will be retained as they are the best in the industry and Crystal has very low attrition. It is very hard to get hired because they have few openings for jobs.

[hypercafe]

I heard the same party line when NCL took Oceania and Regent. Since then the president of Oceania and NCL are gone and FDR is in charge.

 

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[Suite Travels]

The differnce here is Star will only own 28% of the stock and GHK will own the rest. That is what I read. If I am wrong please correct me.

[hypercafe]

I believe GHK owns Star and now Crystal and 28% of NCL. My example was to show how these pre takeover memos can change rather quick.

 

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[commodore2010]

I believe GHK owns Star and now Crystal and 28% of NCL. My example was to show how these pre takeover memos can change rather quick.

 

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That is correct on the holdings.

 

Also the two GHK board members on NCLH resigned today... Very interesting.

 

http://www.seatrade-insider.com/news/news-headlines/genting-hong-kongs-lim-and-chua-resign-the-nclh-board.html

[rallydave]

That is correct on the holdings.

 

Also the two GHK board members on NCLH resigned today... Very interesting.

 

http://www.seatrade-insider.com/news/news-headlines/genting-hong-kongs-lim-and-chua-resign-the-nclh-board.html

 

And, interestingly the President of NCL also resigned today to be replaced by a long time NCL Executive.

 

http://www.seatrade-insider.com/index.php?option=com_k2&view=item&id=31579&Itemid=999

[Travelcat2]

That is correct on the holdings.

 

Also the two GHK board members on NCLH resigned today... Very interesting.

 

http://www.seatrade-insider.com/news/news-headlines/genting-hong-kongs-lim-and-chua-resign-the-nclh-board.html

 

 

If you look back at the Oceania board you'll learn that two more board members have been appointed.

 

It is good to see that a long time NCL employee has been appointed as President of NCL. Hopefully it will give NCL passengers more confidence going forward.