Home asset sale
Shares in South Shore Holding have been suspended from trading on the Hong Kong Stock Exchange at the company's request pending news.
South Shore Holdings, the owner of the ultra luxury The 13 hotel in Macau, said it has sold off one of its customised Rolls Royce Phantom cars for HK$3.4 million ($449,664) to help with cash flow.
Genting Hong Kong said its chairman and CEO, Tan Sri Lim, has agreed to buy the company's Singapore-listed Grand Bank Yachts business for HK$62.5 million to help provide extra liquidity.
Las Vegas Sands' sale of its Nevada properties for $6.25 billion has elicited differing reactions from global credit ratings agencies.
Las Vegas Sands' sale of its Nevada properties for $6.25 billion is a "slight credit negative," Fitch Ratings said in a note.
Las Vegas Sands has sold its properties in Las Vegas, including The Venetian and the Sands Expo and Convention Centre for US$6.25 billion to the Apollo Global Management and VICI Properties.
The plight of its foreign workers has put pressure on Imperial Pacific International as never before, with even the US Department of Labor recently demanding action from the court, including the possible arrest of Chairwoman Cui Li Jie.
Australia-listed Silver Heritage Group said its 2019 loss attributable to shareholders widened significantly due to impairment charges on its operations in Nepal.
South Shore Holdings, the owner of the ultra high-end The 13 hotel in Macau, said its loss for the year to end March increased by about three times due to a gain in impairment losses on hotel assets, hotel operating expenses and depreciation charges.