Genting Hong Kong information for liquidation amid German lawsuit

Hong Kong skyline aboard Genting Cruise Lines Genting Dream while berthed in Hong Kong on Wednesday 28th July 2021.

Lam Yik | Bloomberg | Getty Images

Cruise Provider Genting Hong Kong said on Wednesday it had requested the company’s dissolution as the cash was expected to run out by the end of January.

It comes on the heels Warnings last week from the company that it could face potential cross-defaults on funding deals worth $2.8 billion as a result of the bankruptcy of its German shipbuilding subsidiary MV Werften.

In a filing on the Hong Kong Stock Exchange on Wednesday, Genting said the company will be “immediately unable to pay its debt as it falls due” as liquidity dries up.

The embattled cruise operator said it petitioned the Bermuda Supreme Court to have the company wound up after the company “made all reasonable efforts to negotiate with the relevant counterparties under its financing arrangements.”

However, the company said in its Wednesday filing that certain businesses — including but not limited to Dream Cruises’ cruise line operations — are expected to continue.

Genting Hong Kong owns Star Cruises and Dream Cruises, which operate in the Asia region, and Resorts World theme park in Manila. It also owns the Crystal Cruises line, which offers a range of round trips from Miami, Antarctica and Barcelona.

“However, it is expected that the majority of the group’s existing operations will cease operations,” it said.

Genting Hong Kong is part of a larger conglomerate that also includes Genting Malaysia and Genting Singapore. Among its assets, the conglomerate owns the Resorts World theme park chain, which includes parks in Singapore, New York City and the UK. It also has 30 casinos across the UK

The company, controlled by Malaysian tycoon Lim Kok Thay, has been hit hard by the Covid-19 pandemic as travel has ground to a halt.

Trading in Genting Hong Kong shares was suspended on Tuesday and will remain so until further notice, the company said.

Genting shares in Malaysia and Singapore were still trading on Wednesday. Genting Singapore Shares rose 0.64%, and Stocks in Malaysia were down 1.72%

litigation in Germany

Genting Hong Kong was in the midst of a court case with a regional government in Germany to claim an $88 million backstop facility — or backup funding for a secondary source of repayment — linked to MV Werften.

But in a ruling this week, the German state of Mecklenburg-West Pomerania denied Genting’s request for access to the $88 million, according to Genting’s filing earlier this week.

“The company and the group have no access to further liquidity under the group’s debt documents and the company’s available cash is expected to be depleted by the end of January 2022, according to the company’s cash flow projections,” Genting said on Wednesday.

It said it has petitioned the court to appoint interim liquidators and has also sought to authorize the liquidators to handle the company’s debt restructuring.

The company reported a net loss of US$238 million for the period ended June 2021, compared to a loss of US$742.6 million for the same period in 2020. Genting Hong Kong suspended payment of nearly $3.4 billion in 2020. according to news reports.

Hong Kong has to maintain zero-Covid coverage for now: Authorities advisor

Hong Kong must stick to its zero-covid strategy until more people are vaccinated, a government adviser told CNBC on Wednesday.

“If 95% of our eligible population are fully vaccinated with three doses, there is a chance we can open our border,” said Yuen Kwok-yung, who is part of the Hong Kong Expert Advisory Committee on Covid-19.

The Chinese city is far from achieving this goal. Only 68.6% of the total population had received two doses of a vaccine by Wednesday. according to government information. About 322,781 people, or about 4.4% of the population, received their third injection.

One way to increase vaccination rates is to require a vaccination certificate for daily living, said Yuen, who also heads the microbiology department at the University of Hong Kong.

“Maybe this is [the] This is the only way to ensure, as in Israel, that a high level of vaccination coverage is achieved, “he said. Fully vaccinated people in Israel are a “green pass” that allows them to enter indoor locations such as restaurants, gyms and cinemas.

Zero Covid Strategy

At the moment, Hong Kong cannot change its strategies, Yuen told CNBC “Squawk Box Asia.”

“At this point it is the same. We have to continue with our current close to zero policy,” he said.

Hong Kong requires people who enter the city to Quarantine for up to 21 days and do multiple Covid-19 tests“Measures, Yuen said, are necessary to control the source of the infection.

But the city’s zero-covid approach is that too biggest frustration for overseas companies operating there, an analyst told CNBC on Tuesday.

However, Yuen said the city has no plans to maintain zero-Covid indefinitely only until it hits “adequate” vaccination rates.

“It’s impossible to keep it going for more than three years,” he added. “I think the government has to set a deadline for the coming years by which everyone has to have a vaccination certificate … to get around.”

Vaccination is compulsory for some activities in Hong Kong, but the borders for the unvaccinated are much looser than in places like Israel or Singapore.

Hong Kong has reported 12,548 confirmed Covid cases since the pandemic began, including 34 cases of the Omicron variant. according to government information on Wednesday.

– CNBC’s Weizhen Tan contributed to this report.

Hong Kong biotech start-up Prenetics to checklist in US by means of SPAC deal

Hong Kong biotech company Prenetics is going public through a merger with Artisan Acquisition – a special purpose vehicle for acquisitions, or SPAC – to value the combined company at $ 1.7 billion, the companies announced Thursday.

Confirm CNBC’s previous report, the two companies said the deal is expected to close in the fourth quarter.

This makes Prenetics the first Hong Kong unicorn or multi-billion dollar start-up to become a publicly traded company.

Prenetics CEO Danny Yeung (left) and Artisan Acquisitions founder Adrian Cheng, who is also CEO and Executive Vice Chairman of New World Development. Prenetics goes public through a SPAC merger with Artisan Acquisition that will value the combined company at $ 1.7 billion.

Source: Prenetics

The merged company will trade on the Nasdaq under a new ticker symbol PRE when it closes.

The merger is expected to generate up to $ 459 million in cash revenue that will be used for strategic acquisitions, geographic expansion, and research and development.

Artisan Acquisition is supported by Adrian Cheng, CEO and Executive Vice Chairman of Hong Kong-listed Development of the new world. Prenetics – a diagnostics and genetic testing company in 10 countries – wants to leverage Cheng’s business portfolio that includes retail, hospitality, healthcare and real estate.

Invest in M&A

According to Ben Cheng, CEO of Artisan Acquisition, Prenetics was chosen for a number of reasons.

The Hong Kong-based startup is a high-growth company that is revolutionizing the healthcare industry and is led by an established entrepreneur, Cheng told CNBC.Squawk Box Asia” on Thursday.

He was referring to Artisan’s CEO and co-founder, Danny Yeung, who previously worked at Groupon.

“We are very confident about his track record,” said Cheng.

For his part, Yeung told CNBC that using the cash proceeds from the deal for mergers and acquisitions is a top priority for Prenetics.

“The US is a priority market for us, Southeast Asia and the rest of Europe – we will certainly invest in growth, manufacturing, product development and research and development again,” he said on Thursday.

To date, Prenetics has performed more than 5 million Covid-19 tests for customers including the Hong Kong government and London Heathrow Airport.

It counts names like Chinese internet company Alibaba, as well as the insurers Ping An and Prudential as strategic investors.

The company has grown significantly since it was founded in 2014. Revenue is expected to triple year-on-year to $ 205 million in 2021 and to increase to $ 600 million by 2025.

– CNBC’s Saheli Roy Choudhury contributed to this report.

Artwork Basel Hong Kong and Eurovision deliver the worldwide arts scene again

With two major cultural events last weekend, the international art scene signaled that it does not intend to have Covid cancel another year.

Held May 19-23, Art Basel Hong Kong marked the return of one of the most revered art fairs in the world. The show followed Frieze New York, which happened earlier this month and was the first major art fair in New York since the pandemic began.

After a one-year hiatus, the extremely popular Eurovision Song Contest also returned to Europe. The competition took place May 18-22 and, according to the show’s organizers, was watched by nearly 200 million viewers, including a live audience of 3,500 people.

After large gatherings around the globe were canceled for more than a year, both events mark a significant step forward on the path to normalcy after the pandemic and highlight the different methods Asia and Europe are using to achieve this goal.

Art Basel Hong Kong becomes “hybrid”

With its first show in more than a year, Art Basel returned to the world stage after canceling its three annual shows last year – Hong Kong in March, its flagship show in Basel, Switzerland in June, and Miami Beach (Florida) in December.

All three events are back this year with the first Art Basel Hong Kong, which will present a “hybrid” format that allows participants to appear virtually or in person.

Art Basel Hong Kong 2021, which was relocated from March to May, made its debut in a “hybrid” trade fair format.

Mighuel Candela | SOPA pictures | LightRocket | Getty Images

Private collectors from more than 30 countries and territories took part in “virtual tours” of the fair, which was held at the Hong Kong Convention and Exhibition Center. More than 100 galleries participated, with many joining through satellite booths that allowed gallery owners to interact with attendees without traveling to Hong Kong.

“After we had designed our booth plan for the fair, the gallery delivered all of the artwork to Hong Kong to be installed by the Art Basel team, as in previous years,” said Valerie Carberry, partner at Gray. Chicago, New York. “Since we couldn’t travel to Hong Kong to attend the fair ourselves, Art Basel appointed us a booth assistant who took care of the booth in our place.”

The gallery planned video meetings ahead of the show to prepare the assistant, who, according to Carberry, “was incredibly professional … we felt well represented”.

Face masks were created as new canvases at Art Basel Hong Kong 2021.

Anthony Kwan | Getty Images Entertainment | Getty Images

Participants could also view collections Online viewing roomsthat Art Basel launched last year. Online rooms of the canceled exhibition in Hong Kong in 2020 showed works from more than 230 galleries and, according to Art Basel, attracted around 250,000 visitors.

“We all wanted to be there in person, of course, but the ability to share real-time information with customers at your booth was as close as ever to an in-person pandemic art fair,” said Carberry.

“We all felt a bit ‘jet lagged’ after we did not travel, but it was worth telling our Hong Kong customers how much we value their business and the support of our program.”

The Eurovision Song Contest is back

The cancellation of last year’s Eurovision Song Contest, or Eurovision for short, may have resulted in this year’s competition reaching its largest audience since 2016.

In the singing competition that began in 1956, musical acts from predominantly European countries compete against each other, with 26 reaching the grand finals. The country that produces the winning act hosts the next competition.

This year, the Italian rock group Maneskin won the main prize and made sure that the competition will take place in Italy in 2022.

Italian rock group Maneskin won Eurovision in 2021, which relied on social distancing and testing to keep participants healthy before the show.

Soeren Stache | Image Alliance | Image Alliance | Getty Images

The show was largely a face-to-face event with most of the attendees performing live from Rotterdam, the Netherlands. The Australian Montaigne performed over a taped shot due to their inability to travel to Europe. This was a first in the show’s 65-year history.

Participants wore masks and followed social distancing mandates. According to Eurovision, the participants were subjected to regular Covid tests and isolated in their hotel rooms unless they were exercising.

The show also limited the number of live viewers present. Still, the 3,500 people who watched in person were enough to make Eurovision one of the largest live entertainment events in Europe since the beginning of the pandemic in 2021.

The annual competition, which casts a spell over Europe but is largely unknown to American audiences, is slated to launch in the US next year on NBC. According to the Eurovision website, artists from 50 states, five US territories and Washington, DC will compete in the “American Song Contest” for the title of the best original song.

What’s coming?

With the exception of Art Dubai, which began in late March 2021, most of the major international art exhibitions that were originally supposed to take place before May have been canceled. These include Frieze Los Angeles and Dutch Tefaf Maastricht, both of which were postponed before being canceled.

The Art Basel fairs in Basel and Miami Beach are back in the books, although the Switzerland show has been postponed from June to September in order to “visit as broad an international audience as possible,” according to the fair’s website.

Another top international art fair, Frieze London, is slated to return in October.

It is expected that these fairs will be very personally attended. According to Marc Spiegler, the global director of Art Basel, the digital components of Art Basel will be retained.

“We have developed a whole range of techniques and tactics for people to access a gallery program digitally,” he told the New York Times. “The pandemic has enabled us to do a better job for the collectors who cannot attend.”

The next Eurovision competition is planned for May 2022. Details have not yet been confirmed. Online speculation on dates and locations has begun.

Hong Kong is also pushing high-profile plans that align with the city’s conservative approach to curbing Covid. In line with its nickname as the “Art Capital of Asia”, the city will host a number of art festivals and exhibitions, including the contemporary art exhibition “Ink City” and the French May Arts Fest with around 80 events across the city in June.

This year, a new visual arts museum is due to open in Hong Kong’s new “T” -shaped M + building.

PETER PARKS | AFP | Getty Images

The Hong Kong Ballet will play Romeo + Juliet next month after the show was canceled last summer.

Hong Kong is new M + building will host one of the largest museums of contemporary visual culture in the world. The “T-shaped” museum has an area of ​​65,000 square meters, including 33 galleries, three cinemas, a research center, restaurants, a tea and coffee bar, a members’ lounge and a roof garden with a view of Victoria Harbor.

The museum is slated to open this year.

Disclosure: NBCUniversal is the parent company of CNBC. up greater than 4% in Hong Kong IPO, bullish on China journey in Might

Online travel agency made a strong debut in Hong Kong on Monday, with shares rising around 4.55% from issue price.

The China-based company is now joining other U.S.-listed Chinese tech heavyweights such as: Alibaba, and Baidu who have returned closer to their homeland through second offers in Hong Kong. The IPO was valued at $ 268 Hong Kong per share and $ 8,478 million (US $ 1.09 billion) was raised unless the over-allotment option is exercised.

The secondary listing comes as a Chinese tech companies remain at risk of delisting in the US, clouded investor sentiment.

This May vacation we already have … some of the inbound people and we’re seeing a record number of travelers in China – likely double digit growth from pre-Covid levels.

James Liang

Chairman of the Board of the Group

James Liang, CEO of Group, told CNBC that the “main reason” for listing the company as a secondary listing in Hong Kong was to make it easier for global investors in Asia and China to trade stocks.

“Most of our customers are in Asia. I think it’s pretty natural for us to be listed in Hong Kong,” he said in an interview with CNBC’s Street Signs Asia on Monday.

“Very optimistic” about the May vacation

Even if much of the global travel market continues to stall due to the coronavirus pandemic, expects a “record number of travelers in China” for the long vacation ahead in May.

“This May vacation, we already have … some of the numbers that are coming in, and we’re seeing a record number of travelers in China – likely double-digit growth from pre-Covid levels,” Liang said. Labor Day holidays are May 1-5 in China.

In particular, upscale accommodations like resorts and short-haul travel are expected to see “very, very rapid growth” that could actually more than offset the decline in international travel, Liang predicted.

An employee walks through the reception area at the headquarters of Group Ltd. on Thursday, February 4, 2021. in Shanghai, China.

Qilai Shen | Bloomberg via Getty Images

“The money people save by buying international airline tickets is what people are spending on hotels, especially high-end hotels and cars, you know, on local transport,” he said. “While the total transaction amount may not hit record levels, we are very optimistic about the number of travelers and margins.”

China was the first country to report on the coronavirus pandemic. After tight lockdown measures launched across the country weeks after the earliest Covid-19 cases occurred in Wuhan city in late 2019, the country largely managed to contain the spread of the virus and stepped as one of the few major economies in 2020 that expanded this year.

In contrast, authorities in other countries continue to struggle to vaccinate their populations in the face of increasing viral infections and potential mutations.

One example is India, which has seen a second wave of coronavirus infections since February Brazil overtook last week to become the second worst affected country after the US

Asia, Shanghai, Tokyo, Hong Kong most costly cities for the rich

Asia is still the most expensive place in the world to get rich. This emerges from a new report in which the region’s resilience to the Covid-19 pandemic kept high prices stable.

The world’s most populous continent was still the most expensive for high net worth individuals (HNWIs) Bank Julius Baer’s global wealth and lifestyle report 2021 The rapid response to the global health crisis and overall currency stability have kept the cost of luxury goods in the region sustained.

Four of the top five most expensive cities for HNWIs – those with investable assets of $ 1 million or more – are now in Asia, according to the annual report.

Shanghai, China jumped to the top of the ranking of 25 world cities and was named the most expensive place for a wealthy individual. Hong Kong, number one last year, slipped to third place while Tokyo, Japan stayed in second place.

Monaco, a small affluent state in Western Europe, and Taipei, Taiwan rounded out the top 5.

Covid did not become an epidemic (in Asia) like the other countries in the index.

Rajesh Manwani

Bank Julius Baer, ​​Head of Markets and Wealth Management Solutions (Asia Pacific)

“Covid did not become an epidemic (in Asia) like the other countries in the index,” said Rajesh Manwani, head of markets and wealth management solutions for the Asia-Pacific region at Bank Julius Baer.

Europe and the Middle East took second place, with the majority of global cities represented in the region being sustained by the strength of the euro and the Swiss franc.

America, badly hit by the pandemic, turned out to be the cheapest region to live a luxurious lifestyle as the US dollar and Canadian dollar fell against other major global currencies.

The new must-have luxury goods

The ranking is based on the price of a basket of luxury goods representing discretionary purchases by HNWIs in the 25 world cities.

This year, significant changes were made to the list as four of the 18 items were replaced as the pandemic changed consumption habits.

Personal trainers, wedding banquets, botox, and pianos have been rolled out and replaced with bikes, treadmills, health insurance, and a technology package including a laptop and phone.

“During a year ravaged by global bans, personal technology and treadmills have grown in popularity while the price of women’s shoes has fallen,” the report said.

“We expect all of these items will continue to have a place on the list,” added Manwani, predicting the shifts caused by pandemics will be permanent.

Overall, the luxury goods that saw the largest drop in US dollar prices were women’s shoes (-11.7%), hotel suites (-9.3%) and wine (-5.3%). Business class flights (11.4%), whiskey (9.9%) and watches (6.6%) saw the largest increases.

Watch Asia prosperity trends

Asia is expected to maintain its stronghold as the most expensive region in the world for the rich in the coming years as economic growth continues to accelerate, the report said.

India – currently home to one of the region’s more affordable world cities, Mumbai – will be one of the leading countries, said Mark Matthews, director of research in Asia Pacific at Bank Julius Baer.

India is getting more expensive. Now it’s a bargain.

Mark Matthews

Head of Research (Asia Pacific), Bank Julius Baer

“India’s growth rate will increase,” he said. “India is getting more expensive. Now it’s a bargain.”

China, meanwhile, will remain the world’s leading luxury goods market as the affluent Chinese consumer moves in, he said. By 2025, China is projected to account for 47% to 49% of the luxury goods market, up from 16% to 18% in America and 12% to 14% in Europe.

However, two other trends could change the way wealthy individuals spend their money in the coming years, the report added: conscious consumption and preference for experience over goods.

“We believe that the consumer conscious lifestyle has really become mainstream,” said Manwani. Hence, people can restrict long-haul flights and buy electric vehicles, change their diet and reject fast fashion.

“Zillennials are interested in this trend,” he said, referring specifically to Generation Z consumers.

Do not miss: These are the most expensive cities in the world for expats

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Godzilla vs. Kong tops $60 million, the very best pandemic field workplace haul

Godzilla and King Kong fight in Warner Bros.’s “Godzilla vs. Kong.”

Source: Warner Bros.

“Godzilla vs. Kong” hits pandemic box office records.

On Saturday Warner Bros., who co-produced the film with Legendary, revealed that his kaiju-filled film had exceeded $ 60 million at the domestic box office, making it the highest-grossing film to be released during the ongoing coronavirus pandemic.

Previously, Tenet, another Warner Bros. film, held the record for $ 58.5 million, which it secured during its 2020 theatrical release.

As it stands, Warner Bros. ‘films currently represent four of the five highest-grossing films released during the pandemic. Tenet is the second highest, Wonder Woman 1984 is fourth at $ 46.2 million, and Tom and Jerry is fifth at $ 40.3 million.

The third highest grossing film in the pandemic is Universal “Croods: A New Age,” which grossed $ 56.5 million while in theater.

“It’s starting to look like the summer of April as ‘Godzilla vs. Kong’ surpasses box office milestones that would have been unthinkable just a few weeks ago,” said Paul Dergarabedian, senior media analyst at Comscore. “Warner Bros. ‘ The release strategy has paid off, proving that cinema is still king when it comes to creating the most impactful, immersive cinematic experience. “

“Godzilla vs. Kong” has broken a number of records since it opened on March 31st. The film saw the biggest opening weekend since the coronavirus pandemic began $ 32.2 million in theaters on its first Friday, Saturday, and Sunday.

It opened in more than 3,000 theaters across North America over the weekend, most of the films being made during the pandemic. had the biggest opening day on Wednesday at $ 9.6 million and the biggest single day on Saturday at $ 12.5 million.

“Godzilla vs. Kong” signals that Consumers really want to go to the cinema for new blockbuster features, suggesting the summer slate could have similar success.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC.

‘Godzilla vs. Kong’ stomps to pandemic-best $48.5M opening | Leisure

This image, published by Warner Bros. Entertainment, shows a scene from “Godzilla vs. Kong”.

Warner Bros. Entertainment, via AP

JAKE COYLE Associated Press

NEW YORK – With the help of some old friends, the box office rekindled some of its old power over the weekend. “Godzilla vs. Kong” hit by far the best opening of the pandemic at an estimated $ 48.5 million since it opened on Wednesday, despite being streamed at home at the same time.

Warner Bros. and Legendary Entertainment’s Monster Porridge was the largest domestic release in the past year, playing in more than 3,000 theaters. Many theaters have reopened in the past few weeks; According to the data firm Comscore, around 60% of the theaters were open that weekend. Most operate at 50% or less capacity.

“Godzilla vs. Kong” was estimated by the studio on Sunday from Friday to Sunday at $ 32.2 million. The five-day total exceeded expectations by far and even surpassed the three-day debut ($ 47.8 million) of the last franchise entry “Godzilla: King of the Monsters” from 2019. “Godzilla vs. Kong” scored worldwide on Weekend sales of $ 120.1 million, bringing the two-week total worldwide to $ 285.4 million.

“Godzilla vs. Kong” was made for approximately $ 160 million and is one of the few big budget films to see in theaters. However, WarnerMedia, which owns Warner Bros. and HBO Max, secured its bet by simultaneously streaming the film to subscribers in North America – a strategy that will be followed for all 2021 releases.

The studio didn’t offer ad dates on Sunday, but said that “Godzilla vs. Kong” had a larger audience on HBO Max than any movie or TV show since the service launched in 2020.

‘Godzilla vs. Kong’ units pandemic-best home opening document | Arts & Leisure

One week after Warner Bros. ‘Godzilla vs. Kong’ international launch set a new pandemic record for a Hollywood movie. The North American release continued to hint at an imminent return to the box office, with a pandemic-best opening of $ 48.5 million in five days since its debut on Wednesday and $ 32.2 million this weekend, according to estimates by the measurement company Comscore.

The previous benchmark for an opening in the pandemic was the debut of “Wonder Woman 1984” in December for 16.7 million US dollars on the three-day Christmas weekend. “Godzilla vs. Kong,” which debuted domestically and on HBO Max simultaneously, played in 3,064 locations, the most since the pandemic began more than a year ago. It currently has worldwide revenues of $ 285.4 million.

“The resounding success of Godzilla vs. Kong is an incredibly important and positive milestone both financially and symbolically for the film industry,” said Paul Dergarabedian, senior media analyst at Comscore. “We see that as consumer confidence increases, so does the ability of cinemas to generate stronger box office over time.”

Elsewhere at the box office this weekend, “The Unholy” by Sony Screen Gems opened in 1,850 locations for $ 3.2 million, and “The Girl Who Believes in Miracles” by Atlas Distribution was opened in 680 locations for US $ 580,068 -Dollars premiered.

Although American theaters are slowly returning after a year of tough reopenings and closings, large theaters like Regal and AMC, as well as smaller chains, have not yet reopened.

© 2021 Los Angeles Times. Visit at Distributed by Tribune Content Agency, LLC.

Copyright 2021 Tribune Content Agency.

Evaluation: As soon as extra unto the breach in ‘Godzilla vs. Kong’ | Leisure

This time the price war in the ultra-heavyweight between Coke and Pepsi of MonsterVerse is not breaking new ground. That could be his salvation. Wingard (“You’re Next”, “The Guest”) gives us some solid supporting characters (Brian Tyree Henry as a podcasting conspiracy theorist on the right track is the best of people) and a chic sound design. But mostly “Godzilla vs. Kong” delivers appropriately silly science fiction antics and a few good rounds of monster mayhem, including a ballet of battleships on the open ocean when they first met.

One difference: you can instantly see the movie either on a Godzilla-sized screen or on a salamander-sized screen. “Godzilla vs. Kong,” which debuts on Wednesday, is in theaters and streaming on HBO Max at the same time. I saw it at home when a five-year-old in the next room asked why the big ape was so angry. It’s a new, more humble home for the mighty climber of the Empire State Building.

And it’s his home that he’s looking for in “Godzilla vs. Kong”. As it turns out, this sunny morning waterfall is an enclosed habitat for the caged monkey that Dr. Ilene Andrews (Rebecca Hall) and her deaf daughter Jia (Kaylee Hottle) are guarded. When Godzilla carries out a seemingly unsolicited attack on Apex, a high-tech cybernetics company ruled by Walter Simmons (Demián Bichir), plans to use Kong to lure Godzilla to the surface and then track Godzilla’s power source – an undiscovered one Center of the world center believed to exist from Nathan Lind (Alexander Skarsgård), the proponent of the “hollow earth”. It’s a plan so obviously designed to come into conflict and turn a metropolis into ruins that you can almost hear Hong Kong pleading, “Please, no.”