Silver Heritage suspended on ASX pending finance news
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.
Related articles
Features
-
E-Sports and potential to bring millennials to casinos Nowadays, millennials, people who were born in the 1980s or... -
Food and drink major non-gaming push: Macau casino ops Food and drink have been heavily marketed as part of Macau... -
Macau law needs revamp to allow more concessions: experts Macau’s gaming law needs to be amended in order to...
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Imperial Pacific suspends casino ops, blames super typhoon November 16, 2018 
No news on licence refreshment in Macau policy address November 15, 2018 
Japan casino rules to be tightest ever: cabinet official November 14, 2018 
Okada Manila books best-yet EBITDA in October November 14, 2018 
Macau ops not to force staff into public holiday plan: govt November 15, 2018