The gaming services company saw an impressive overall increase in revenue, despite a drop in revenue from its gaming-related activity.
Things are slowly getting better at Success Dragon, but it still has not turned things around to a profit.
Success Dragon International has seen a slight improvement in revenue, albeit still a losing one, in its gaming machine business.
Success Dragon could soon be change to a new name in line to company's objective to diversify and enter new business territories.
In a filing with the Hong Kong Stock Exchange this past Tuesday, it confirmed that the shares placement had completed and that it was a relative success.
Success Dragon has put as much as 20% of its existing share capital into a placing agreement in an effort to raise funds.
Success Dragon chairman Tan Teng Hong is stepping down from his post as the gaming service provider continues to seek a remedy for its financial bleeding.
Success Dragon, the Hong Kong-listed gaming services firm, has announced that it took a loss in its fiscal year ending this past March 31.
Success Dragon has given up its greyhound racing and horse racing agreements in Vietnam, citing adverse changes in the country’s regulatory environment.
Success Dragon International Holdings has started a corporate version of musical chairs after its key executives stepped down.