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13 holdings misses deadline to open its luxury hotel in Macau

13 holdings misses deadline to open its luxury hotel in Macau

13 Holdings Ltd. missed Monday´s deadline to open its luxury hotel in Macau, a condition of a HKD3 billion (USD384 million) loan from Bank of Communications Co. for the gaming project just off the Cotai strip, according to people familiar with the matter.
US firm buys big stake in The 13 Holdings

US firm buys big stake in The 13 Holdings

Ahead of the opening of its The 13 luxury hotel in Coloane slated for later this quarter, Hong Kong-listed property developer The 13 Holdings has announced that American investment firm Evolution Capital Management has acquired a major stake in its business.