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.
Latest News
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Wynn Macau Ltd asks managers to take 10pct wage in stock May 24, 2022 
Macau op debt to hit US$25bln unless travel eased 2H: MS May 24, 2022 
Outbound group tours still paused: China immigration May 24, 2022 
Macau GGR tax cut idea tied to China outlook: brokerage May 23, 2022