• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

SFC warns on ownership concentration in Sinogreen

Nov 12, 2014 Newsdesk Industry Talk, Latest News  


SFC warns on ownership concentration in Sinogreen

Hong Kong’s Securities and Futures Commission (SFC) has issued a warning regarding a high concentration of ownership in the shares of Sinogreen Energy International Group Ltd.

The firm – which passed into the majority ownership of Jack Lam Yin Lok, chairman of Macau junket operator Jimei Group Ltd and associated interests following a share subscription in September – plans to change its name to Jimei International Entertainment Group Ltd.

The SFC said in a statement on Tuesday that “…shareholders and prospective investors should be aware that the price of the shares of the company could fluctuate substantially even with a small number of shares traded, and should exercise extreme caution when dealing in the shares.”

It said its inquiries showed that 16 investors, plus the interests of Mr Lam and three executive directors, held an aggregate of 92.66 percent of the issued shares.

But Sinogreen Energy said in a filing to the Hong Kong Stock Exchange on Tuesday that to the best of its knowledge “…not less than 25 percent of the company’s issued shares were in the hands of the public as at 22 October 2014 and the date of this announcement, and the company is able to comply with the public float requirement under the rules governing the listing of securities of the Stock Exchange”.


  • tweet
Related articles
  • Pagcor says 2017 revenue likely up 11pct
    Pagcor says 2017 revenue likely up

    Nov 27, 2017  

  • Jack Lam to be charged with Philippines bribery
    Jack Lam to be charged with Philippines...

    Oct 30, 2017  

More news
  • Las Vegas Sands has strong 1Q growth in Macau, Singapore
    Las Vegas Sands has strong 1Q growth in...

    Apr 26, 2018  

  • Jeju Shinhwa casino GGR US$83mln in stub first quarter
    Jeju Shinhwa casino GGR US$83mln in...

    Apr 26, 2018  


Latest News

Las Vegas Sands has strong 1Q growth in Macau, Singapore

Las Vegas Sands has strong 1Q growth in Macau, Singapore

Apr 26, 2018  

U.S.-based casino operator Las Vegas Sands Corp reported a 202.7-percent jump in company-wide first quarter profit, on strong year-on-year performance from its Asia operations. In a conference call...
Read More
Jeju Shinhwa casino GGR US$83mln in stub first quarter

Jeju Shinhwa casino GGR US$83mln in stub first quarter

Apr 26, 2018  

Macau regulator approves Lucky 6 side bet for baccarat

Macau regulator approves Lucky 6 side bet for baccarat

Apr 25, 2018  

Slideshow

Macau casinos celebrate Chinese New Year

Interviews

  • BMM prepped for Macau EGM regulation update: White
    BMM prepped for Macau EGM regulation update: White

    Jan 04, 2018  

    BMM Testlabs “ticks all the boxes” with regard to its...
  • Japan, Cambodia, Vietnam casino biz to watch: Klebanow
    Japan, Cambodia, Vietnam casino biz to watch: Klebanow

    Dec 08, 2017  

    The regulated casino industry is well versed in dealing...
  • Cloud services, e-Sports highlights of MGS 2017: Chun
    Cloud services, e-Sports highlights of MGS 2017: Chun

    Oct 23, 2017  

    The presence of some of the leading cloud computing...
  • Crunch time for Tokyo casino option: Caesars exec
    Crunch time for Tokyo casino option: Caesars exec

    Jul 11, 2017  

    The Tokyo local election setback for Japan’s governing...
  • Suncity bets on Vietnam, resurgent Macau VIP: Andrew Lo
    Suncity bets on Vietnam, resurgent Macau VIP: Andrew Lo

    Jul 06, 2017  

    A multibillion U.S. dollar casino project on Vietnam’s...

Pick of the Day

"As CEO, I am not interested in looking at the rear-view mirror… I am only focused in the future"

Matt Maddox

Chief executive of Wynn Resorts and Wynn Macau



Most Popular

  • Macau regulator approves Lucky 6 side bet for baccaratMacau regulator approves Lucky 6 side bet for baccarat April 25, 2018
  • Wynn Macau Ltd profit doubles, peninsula revamp soonWynn Macau Ltd profit doubles, peninsula revamp soon April 25, 2018
  • Macau Legend plans min US$300-mln further Laos inputMacau Legend plans min US$300-mln further Laos input April 24, 2018

Copyright 2017 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us