Hong Kong-listed South Shore Holdings Limited, which owns THE 13 Hotel in Coloane, has admitted that “a material uncertainty exists that may cast significant doubt” on its “ability to continue as a going concern.”
The 13
The company “will have sufficient working capital to finance its operations and to meet its financial obligations for at least the next 12 months from the date of the approval of these condensed consolidated financial statements”.
Gaming Inspection and Coordination Bureau (DICJ) Director Paulo Martins Chan said on Thursday that his bureau has not received an application for gaming tables from The 13.
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.
