Originally Posted by
Busbert
Are boats being moved out or are people holding out for a change in direction from DBMC?
No boats have moved yet, as far as I know. Most owners are expecting a compromise, from HKR or an intervention by the
merine & fisheries dept. Rumour of a temporary mooring area to be established, allowing boats to be left unoccupied, until official moorings can be found.
The marina is forecast to be closed for 3 months. Its expected that HK resorts will then invite current debenture holders to reapply for the new issued debentures. However, the price is expected to be greater than the value of 90% of the majority’s investment , and a specific clasuse of no permanent occupancy to be included.