Genting Hong Kong (Genting HK) has shipped off the remainder of its stake in cruise operator Norwegian Cruise Line Holdings Ltd. (NCLH). The company made its announcement through a filing with the Hong Kong Stock Exchange (HKSE) yesterday, indicating that it had consummated the sale for $158.8 million, with NCLH being the purchaser of the stocks. Genting HK first announced that it would sell its remaining stake in the company this past April.

Between August of last year and March 2018, Genting HK sold a total of 22,250,000 shares it held in NCLH across three separate offerings. It once held 11.13% of the company and the most recent transaction, held in March, saw it give up 4.26% of the company for $543.6 million. The most recent sale resulted in the company relinquishing the last 3,148,307 shares it held in NCLH.

Genting HK has said that the money would most likely be used for the “purchase of property, plant and equipment such as construction of ships and funding new investments of the group should suitable opportunities arise.” It added in the filing with the HKSE, “The group’s strategy has been to realize profits with cash inflow from realization 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.”

The cruise ship operator recently announced that it was looking to explore waters outside of Asia beginning next year. It stated that it would begin offering its “Queensland and the Barrier Reef Cruises” at the end of October, which would take place on the 1,870-capacity “Explorer Dream.” Genting HK also anticipates launching two more cruises – one to North and South New Zealand this month and the other to Tasmania Island and Melbourne next February.