Mr Lim's own fortune is now valued at about US$700 million (S$956.8 million) excluding pledged shares, down from US$1.5 billion at the beginning of the year, according to Bloomberg Billionaires Index. Shares of Genting Hong Kong recovered some of their losses yesterday (fri), closing up 5 per cent at 39 Hong Kong cents.

Malaysian markets were shut for a holiday on Thursday, when shares of cruise operator Genting Hong Kong plunged by a record 38 per cent. Genting Bhd shares closed down 6.1 per cent to RM3.57 yesterday (fri). As of March, he had also pledged 550 million of his Genting Bhd shares - or 32 per cent of his holdings - compared with 70 million a year earlier, according to the company's annual reports. Almost all of his 76 per cent stake in Genting Hong Kong is now committed - or 6 billion shares, according to a stock exchange filing at the end of last month - up from 5.5 billion shares in April. Mr Lim has been pledging more of his holdings as the shares have plunged. But investor concern about the effects on other companies in the group will remain because of the Covid-19 pandemic and a history of related-party transactions in the group, he said. 'The likelihood of other units being asked to help out Genting Hong Kong is low as each listed entity is closely regulated by its respective regulator,' said Tushar Mohata, head of research at Nomura Malaysia.

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