• 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

Upped Landing Intl stake for investor with HK listing

Mar 02, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  


Upped Landing Intl stake for investor with HK listing

A mainland businessman reportedly brother to the controller of one of mainland China’s major financial groups has increased his stake in casino resort investor Landing International Development Ltd.

Yao Jianhui has upped his stake from 4.63 percent to 5.01 percent as of Tuesday – a level that makes him a substantial shareholder of the firm under stock exchange rules in Hong Kong, where Landing International Development has a listing. According to disclosure of interest data filed with the Hong Kong bourse, Mr Yao paid an average price of HKD0.343 (US$0.04381) per share to acquire an additional 555,360,000 shares in Landing International Development.

Additionally, in the space of a week recently, Hong Kong-listed China Goldjoy Group Ltd – a firm chaired by Mr Yao and said to be engaged in financial services and “automation and intelligent manufacturing” – increased its stake in the casino developer to 2.56 percent. China Goldjoy acquired an aggregate of 1,209,300,000 shares in Landing International Development between February 22 and February 28, at a total consideration of approximately HKD414.6 million, excluding expenses, according to a China Goldjoy announcement filed after trading hours on Wednesday.

On February 25, Landing International Development opened a foreigner-only casino at the Jeju Shinhwa World resort (pictured) it has developed on Jeju island, South Korea.

According to multiple reports in mainstream financial media, Yao Jianhui is the brother of Yao Zhenhua, who controls the mainland Chinese financial conglomerate Baoneng Group.

China Goldjoy stated in its Wednesday filing, giving some explanation for its upped holding: “The group appreciates Landing International Development’s rich experience and expertise in the construction and operation of world-class cultural tourism projects and theme parks and is optimistic about Landing International Development’s development prospects.”

The filing added: “The board believes that the acquisition will provide favourable return to the group.”

Jeju Shinhwa World was opened in stages, starting April 2017. Currently-operating facilities at Jeju Shinhwa World include: hotels Jeju Shinhwa World Landing Resort and Jeju Shinhwa World Marriott Resort; full-serviced resort condominium Somerset Jeju Shinhwa World; Landing Convention Centre; a K-pop themed zone called “YG Republique”; Shinhwa Theme Park, which opened at the end of September; and a shopping area branded as “Shinhwa Shoppes”.

Landing International is looking to open another hotel, the 538-room Shinhwa Resort Jeju Shinhwa World, and a water park at the resort complex in summer this year. The resort project promoter is also planning to launch a Four Seasons Resort and Spa by the end of 2019.


  • tweet
Related articles
  • Kangwon drove 2021 S.Korea casino revenue growth: govt
    Kangwon drove 2021 S.Korea casino...

    May 18, 2022  

  • Kangwon Land back to pre-Covid capacity from May 16
    Kangwon Land back to pre-Covid capacity...

    May 13, 2022  

More news
  • Melco to launch new family attraction at Studio City in June
    Melco to launch new family attraction...

    May 19, 2022  

  • Andrew Lo takes controlling stake in Suncity, Summit Ascent
    Andrew Lo takes controlling stake in...

    May 19, 2022  


Latest News

Melco to launch new family attraction at Studio City in June

Melco to launch new family attraction at Studio City in June

May 19, 2022  

Casino operator Melco Resorts and Entertainment Ltd announced on Thursday that it would launch at the end of June a new, themed zone for “family-friendly” entertainment at its majority-owned...
Read More
Andrew Lo takes controlling stake in Suncity, Summit Ascent

Andrew Lo takes controlling stake in Suncity, Summit Ascent

May 19, 2022  

Okada Manila chair Manuel Lazaro dies aged 87

Okada Manila chair Manuel Lazaro dies aged 87

May 19, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$403.9 million

Interim normalised profit after tax and amortisation reported by slot machine maker and online gaming content provider Aristocrat Leisure



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • U.S. says Steve Wynn ‘foreign agent’, lobbied for ChinaU.S. says Steve Wynn ‘foreign agent’, lobbied for China May 18, 2022
  • Andrew Lo takes controlling stake in Suncity, Summit AscentAndrew Lo takes controlling stake in Suncity, Summit Ascent May 19, 2022
  • New Lim cruise biz only months after GEN HK in liquidationNew Lim cruise biz only months after GEN HK in liquidation May 18, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us