Udenna Corp. now holds 86.59 percent of PH Resorts following the issue of new shares. Prior to the transaction, the company owned 82.28 percent. The funds will be used to help finance the development of PH Resort's flagship project, the Emerald Bay Resort.
Suncity Group Holdings said it plans to set up a direct VIP business line at its Tigre de Cristal property in Russia to help drive business volumes and keep high junket rebates in house. The company said Summit Ascent may increase its stake in Oriental Regent, operator of the resort, to 67.5 percent from 60 percent previously and may end up holding as much as 89 percent if it is the only subscriber to an upcoming share issue.
Melco International Resorts & Entertainment’s holding in the company that owns the Studio City Resort in Macau has edged higher following a recent share transaction.
Landing International Development chairman Dr. Yang Zhihui said he will “take all necessary and appropriate actions to protect his interests” after it was revealed...
Suncity Group Holdings has bought a further 24.68 percent stake in Summit Ascent Holdings for HK$717.8 million ($91.5 million) as it seeks to build an “integrated tourism-related platform.”
Nagacorp CEO and executive director Tan Sri Dr Chen Lip Keong has boosted his stake in the Hong Kong-listed company to 66.1 percent, according to a stock exchange filing.