Cruiseship group Genting Hong Kong is planning to dump the rest of its holding in Norwegian Cruise Line Holding (NCLH).
In 2017 and in February this year it offloaded a total of 22.25m shares or 9.74% of the US cruise company.
Genting has 3.14m shares remaining, or a 1.4% stake, worth $168.2m at current levels.
It is seeking a 12-month mandate from investors to sell these shares, depending on prevailing market conditions.
The minimum selling price will not be less than $43.86, it added, compared to $53.88 now.
In 2014, Genting’s shareholders authorised the board to sell its holding of 56.81m shares from time to time.
Deals to shed the whole lot would give it a gain of $34.3m at the minimum price.
But there is no guarantee these will take place, Genting said.
Proceeds could be used for acquiring ships or funding new investments should suitable opportunities arise.
Genting said: "The group's strategy has been to realise profits with cash inflow from realisation of its investment in NCLH which has come to the exit phase and to capture return at opportune times, subject to favorable prevailing share prices and market sentiment."
