Hong Kong-listed The 13 Holdings Ltd says its proposed name change to “South Shore Holdings Ltd” was approved at a special general meeting of shareholders on Tuesday, according to a company filing.
The firm, which is developing The 13 Hotel (pictured) on the border between Cotai and Coloane, mentioned the intended name change in a March 7 filing. It gave the reason as a wish to “provide a clear delineation” between the firm’s corporate identity and that of its principal asset, The 13 Holdings said at the time.
The firm has revised the opening date for its hotel project on the Cotai-Coloane border to June 30, according to its March 27 filing. Several previous deadlines declared by firm have already been missed. In late January it said it hoped to launch the hotel “on or before” April 30.
The hotel project is also to include a casino. The casino at The 13 Hotel may only open by March 31, 2019, along with some shops at the complex, the firm said in a February 25 filing. The company said it expects to operate a total of 66 tables, of which nearly a quarter will be for VIP play, with the remainder for so-called premium mass.
The 13 Holdings has also got the approval for the disposal of its interests in Paul Y Engineering Group Ltd at the Tuesday special general meeting of the shareholders. The consideration for the sale of the firm’s approximately 51.76 percent-stake in Paul Y Engineering Group stood at HKD300 million (US$38.2 million).
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"The MSAR [Macau Special Administrative Region] Government is always maintaining its policy not to have imported labour to work as dealers. This position has not changed"
Lionel Leong Vai Tac
Macau’s Secretary for Economy and Finance