Asian casino operator and developer Silver Heritage Group Ltd said in a Wednesday filing that its shares were being suspended from quotation on the Australian Securities Exchange (ASX) “immediately”. The firm added that the suspension was “pending the release of an announcement regarding a capital raising and amendments to the terms of bonds”.
The firm had said in a Monday filing detailing its interim results – issued shortly after trading in the stock was suspended – that it was “currently working on a capital raising”. The firm stated at the time that the details of the capital raising exercise were “still being finalised”.
The company significantly widened its first-half loss, “mainly due” to additional costs and depreciation associated with its first purpose-built, self-managed property, Tiger Palace Resort Bhairahawa, in Nepal.
Aug 20, 2019The operator of the Resorts World Manila casino resort (pictured) in the Philippines started on Monday its offer to public shareholders to take the business private, according to an update that day...
Aug 20, 2019
Aug 20, 2019
"The Hong Kong protests may hurt Macau gross gaming revenue by about mid-single-digit (i.e., half of maximum visitation exposure), which should fade away gradually as people will find alternative ways to visit Macau”
DS Kim, Jeremy An and Christine Wang
Analysts at brokerage JP Morgan Securities (Asia Pacific) Ltd