Saturday, July 13, 2024

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Summit Ascent names Chang Heng Kit as new non-executive director

Hong Kong-listed Summit Ascent has appointed Chang Heng Kit as a new non-executive director.

Summit Ascent issues update on Tigre de Cristal and trading suspension

Summit Ascent Holdings has released a quarterly update regarding its business operations and the status of the HKEX trading suspension.

HK regulator warns LET Group, Summit Ascent delisting over Russian asset sale

Hong Kong stock regulator warns it may delist LET Group and Summit Ascent over concerns about the sale of its Russian assets, namely Tigre de Cristal.

LET Group and Summit Ascent trading suspended in Hong Kong Exchange

Hong Kong-listed LET Group and Summit Ascent suspended trading from 9 am on February 14th.

Summit Ascent company secretary resigns

Summit Ascent Holdings Ltd’s company secretary has resigned, adding to the recent wave of resignations hitting the company.  

Summit Ascent’s 1H23 gaming revenue flat, returning to loss

Russian gaming operator Summit Ascent recorded gaming revenue of HK$167 million ($21 million) in 1H23, which remained flat year-over-year. The company returned to recording losses during the period, with a loss attributable to owners of HK$16.1 million ($2.1 million) in 1H23, compared to a profit attributable to owners of HK$85.2 million ($10.9 million) in 1H22.

Summit Ascent expecting losses in 1H23 due to Russian Ruble value drop

Summit Ascent is expecting the fluctuation of the Russian Ruble's exchange rate could cause the gaming operator to report some HK$16.1 million ($2 million)...

Summit Ascent providing $246 million to PH-based Suntrust

Russian casino operator Summit Ascent, a subsidiary of the LET Group (formerly known as Suncity), has announced that it has entered into a new share agreement with its Philippine partner-company Suntrust Resort Holdings for some PHP13.51 billion ($246.85 million).

Summit Ascent completes acquisition of Okinawa resort property

Russian casino operator Summit Ascent has announced it has completed an acquisition from parent company LET Group of land rights for an undeveloped property in Okinawa, Japan, to set up a resort.

LET Group sells Okinawa land to Summit Ascent

The LET Group is further shifting around its real estate investments in Japan. After previously announcing the sale of a Hokkaido land plot for $27 million, it’s now moving its interests in a HK$268.7 million ($34.4 million) plot in Okinawa prefecture under its Summit Ascent subsidiary – which operates the Tigre de Cristal casino in Russia.