The purchaser of a 50-percent stake in a Genting Hong Kong Ltd subsidiary involved in developing a waterfront hotel scheme in Macau (pictured in a file photo), has the option to buy the remaining 50 percent in the subsidiary, at any time up to December 1, 2021.
That is according to a Thursday filing from Genting Hong Kong, an operator of casino cruise ships.
If the purchaser does not exercise the call option, Genting Hong Kong can then exercise a put option to require the purchaser to acquire the remaining 50 percent in the subsidiary. Such put option may be exercised during the period from December 2, 2021 to December 1, 2022.