Tag Archives: landing international development
- Landing International eyes capital reorganization
Hong Kong-listed property developer Landing International Development Ltd is eyeing to implement a capital reorganization to pay off debts and to use as capital for any future investment opportunities. In its latest regulatory filing, Landing International estimated the net proceeds to be approximately not less than HKD5.07 billion (US$653.7 million)....
- Landing International anticipating $127M net loss in 2016
Hong Kong-listed property developer Landing International Development Ltd is apparently preparing its investors for the worst. On Tuesday, Landing International disclosed to the Hong Kong Stock Exchange that the company is expecting its 2016 net loss to widen. They estimated that the firm’s annual net loss would balloon to HKD987.97...
- Landing International secures 100% control of JejuShinhwa World project
Hong Kong-listed property developer Landing International Development Ltd. has added another South Korean casino under its belt. The investment firm announced in a Tuesday filing that it has gained 100 percent control of a foreigner-only casino project, the JejuShinhwa World, on Jeju Island in South Korea. Landing International already holds...
- Landing International to increase Les Ambassadeurs Club’s focus on Asian VIPs
The new owners of London’s high-end gaming venue Les Ambassadeurs Club plan to focus the business even more on the Asian high-roller market. On Friday, property developer Landing International Development Ltd filed papers with the Hong Kong Stock Exchange detailing its upcoming April 27 special general meeting, at which shareholders...
- Landing International to expand in UK
Hong Kong-listed property developer Landing International hopes to expand and diversify its gambling operations to other markets. Its first stop? The UK. Landing International Development Ltd. has won a bid to acquire UK casino operator Les Ambassadeurs Club Ltd. for £137 million ($207.4 million). The acquisition, which will be funded...
- Genting HK sheds Jeju casino stake to focus on cruise casino business
Genting Hong Kong is walking away from its casino joint venture on South Korea’s Jeju Island. It was only last November that Genting HK announced it had entered into a 50/50 partnership with Hong Kong property developer Landing International Development Ltd. The Grand Express Korea Co Ltd joint venture involved...
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