The joint provisional liquidators appointed to Genting Hong Kong Inc. have no intention of submitting a proposal for the company's shares to be traded on the Hong Kong Stock Exchange. The information was disclosed in a presentation to the Hong Kong Stock Exchange on Monday by the operator of the indebted casino cruise ship.

Last week, a Bermuda court issued a clearance order against Genting Hong Kong Inc. and its affiliate Dream Cruise Holdings Inc.

"At this time, the Joint Provisional Liquidator has no intention of filing a reopening proposal, particularly due to the settlement of the Company and Dream Cruises," the filing in the company's name, which was signed by the Joint Provisional Liquidator on Monday, stated.

Genting Hong Kong went into liquidation in January. The case was triggered by insolvency of the German shipbuilding company it controlled, which eventually triggered a cross-debt case involving financing of a group with a total principal amount of just over $2.77 billion.

On Monday, the company confirmed that some of its collateral creditors had taken "enforcement action on substantially all ship assets" of the group. It also said the company would not be in a position to resume cruise operations in the future "due to the clearance of the company and Dream Cruises."

Genting Hong Kong also said the "disposal procedures" of the group's other major assets were "at various stages of completion."

In late August, temporary liquidators in Genting Hong Kong approved the disposal of the trademark linked to the group to Resorts World Inc, a Singapore-registered casino cruise business recently founded by Genting Hong Kong's founder, Malaysian entrepreneur Lim Kok-tai.

The group said it had included a stake in certain residential and hotel properties in mainland China and a stake in the Newport World Resort casino complex in the Philippine capital of Manila among its "other major assets."