Originally Posted by
Happy
It cannot do it if the parent company is liquidating its assets. Right now it looks like Genting Hong Kong is selling off whatever it can still sell to raise cash for paying the debts already in delinquency.
Selling assets to the parent for a song perhaps, and leaving outsiders to hold the proverbial bag? I guess if there were outside shareholders in either Genting HK or Crystal, and Genting Bhd held most of the debt, it could always file Chapter 11 as DiP.....