Genting Owner Lim
A 91.5-metre superyacht has been bought by Orient Peace, the Cayman Islands-registered unit of Genting Group.
After doing some research, Lim found Gunung (mountain in Malay) Ulu Kali at a place called Genting Sempah to be an ideal location for his plan. Lim Kok Thay, chairman and CEO of Genting Berhad, is pledging almost his entire stake in troubled cruise ship operator Genting Hong Kong as collateral for loans, according to a report from Bloomberg. Lim’s personal wealth has already declined by more than half since the beginning of the year, according to the report, from about US$1.5 billion.
Kok Thay Lim, the chairman of Malaysia-based Genting Group, has announced his intention to acquire all of the remaining outstanding shares of Empire Resorts in an effort to take the company. Genting Group CEO Tan Sri Lim Kok Thay pocketed almost $60 million in 2018. For his work at leading Genting Bhd, Lim received approximately $40.49 million. Under his second hat, as the CEO of. The widow of the late founder of Malaysia’s Genting group, Tan Sri Lim Goh Tong, died on Friday (Aug 25) at the age of 88, her family announced. “On behalf of my family and the Genting Group of Companies, it is with great sadness, I announce that my beloved mother, Puan Sri Lee Kim Hua, has passed away peacefully this morning,” said Lim Kok Thay, who is chairman of the group, in a statement.
The superyacht, formerly named Equanimity, is actually a trophy in one of the world’s biggest financial heists at which previous owner—Low Taek Jho, or Jho Low—was at the centre. Equanimity was seized in February 2018 in Bali, during a global hunt initiated by the US Department of Justice to seize assets bought with funds from the scandal.
Low had bought the superyacht for US$250 million (HK$1.9 billion) in 2014, which was then sold to Genting Group for less than half the price in April this year. The group has since renamed the vessel ‘Tranquility’.
Genting Owner Lim Goh Tong
Genting, a multibilliondollar Malaysia-based empire, is helmed by Lim Kok Thay whose son and Tatler cover star, Loui Lim, is executive vice-president of new ship designs for Genting Cruise Lines (which includes Star Cruises, Dream Cruises and the ultra-luxury Crystal Cruises) and vice-president of leisure and hospitality for Genting Malaysia’s land-based resorts.
See also: Making Waves: How Genting Group's Loui Lim Is Rocking The Boat
The superyacht boasts some incredibly impressive features, including stunning interiors designed by Andrew Winch Designs in the UK, a firm that’s renowned for designing private jets, superyachts and mansions for the world’s elite.
Genting Founder Lim Goh Tong
Tranquility, built to entertain, is designed to accommodate up to 22 guests overnight in 11 cabins, comprising a master suite, four VIP staterooms, two double cabins and two twin cabins.
It also features a “beach club” with folding platforms that drop town to the water, a circular jacuzzi with a clear bottom is on the upper deck which is visible from the deck below, and a one-of-a-kind grand piano in the main saloon, decorated in bamboo, marble, gold leaf and wenge wood, which comes from an endangered tree species. And to stay swimsuit-ready at all times, there is also an on-board gym, sauna and massage room.
Maintenance cost on the yacht is estimated at US$483,000 (HK$3.7 million) per month, which somewhat explains the cool weekly charter price tag of US$1.25 Million (HK$9.7 million). It is currently docked in Le Vieux Port at Cannes on the French Riviera. Time to start planning your next private cruise, perhaps?
See also: 10 Best Luxury Villas In Bali