• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Success Dragon shares jump as firm takes in new investor

Aug 29, 2017 Newsdesk Industry Talk, Latest News  


Success Dragon shares jump as firm takes in new investor

Gaming services firm Success Dragon International Holdings Ltd saw its stock rise 30.6 percent on Monday trading in Hong Kong, as the firm took on a new investor.

Success Dragon said in a filing that it had been informed on Monday that Mark Yong Khong Yoong, a substantial shareholder in the company, sold nearly 503.67 million shares of Success Dragon to Shanghao Ltd, a company owned by Tsang Ho Kwan. The shares represented approximately 24.29 percent of the entire issued share capital of the company.

The deal, completed last week, was done at a consideration of HKD0.191 per share, amounting to about HKD96.2 million (US$12.3 million).

Both the purchaser and its owner are independent third parties, said Success Dragon. Upon completion of the deal, Mr Yong ceased to be a shareholder of the company, the firm added.

Success Dragon additionally said that aside from the disposal of shares by Mr Yong, it was “not aware of any reasons” for the increase in price or trading volume of its shares.

The stock closed 1.7-percent lower on Tuesday, at HKD0.285.

In June, Success Dragon said its net loss narrowed to HKD159.3 million for the financial year ended March 31, 2017, compared to HKD231.5-million recorded in the previous financial year.


  • tweet
Related articles
  • Success Dragon slot mgmt revenue down 63pct, posts loss
    Success Dragon slot mgmt revenue down...

    Nov 29, 2022  

  • Success Dragon posts FY profit, gaming services rev down
    Success Dragon posts FY profit, gaming...

    Jun 30, 2022  

More news
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govt
    Macau March GGR up 247pct y-o-y, to...

    Apr 01, 2023  

  • Some Macau hotels say no rooms vacant 3 days of Easter
    Some Macau hotels say no rooms vacant 3...

    Mar 31, 2023  


Latest News

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Apr 01, 2023  

Macau’s casino gross gaming revenue (GGR) was up 246.9 percent year-on-year in March, to just under MOP12.74 billion (US$1.58 billion). The March tally was up 23.4 percent month-on-month,...
Read More
Some Macau hotels say no rooms vacant 3 days of Easter

Some Macau hotels say no rooms vacant 3 days of Easter

Mar 31, 2023  

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Mar 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Efforts have pivoted to the construction of the hotel tower, with plans to launch a soft opening before the end of 2024 and a grand opening in 2025”

Casino investor LET Group

On the development of a casino hotel in Manila, the Philippine capital



Most Popular

  • Some Macau hotels say no rooms vacant 3 days of EasterSome Macau hotels say no rooms vacant 3 days of Easter March 31, 2023
  • Japan govt delays IR decision due to local elections: reportJapan govt delays IR decision due to local elections: report March 30, 2023
  • Sands China ups ties to China showbiz giant Star CMSands China ups ties to China showbiz giant Star CM March 29, 2023
  • Macau 2023 GGR at 45pct of pre-Covid level: Moody’sMacau 2023 GGR at 45pct of pre-Covid level: Moody’s March 31, 2023
  • Macau got 16k mainland package tourists in Feb reopeningMacau got 16k mainland package tourists in Feb reopening March 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us