Kirk Arambulo News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Kirk arambulo. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Kirk Arambulo Today - Breaking & Trending Today
The administrators of Australia-listed casino operator Silver Heritage Group Ltd said in a Friday filing that they had “returned” control of the company to a new slate of directors, following the takeover by HatchAsia Inc. In November, Philippines-based HatchAsia said it had obtained from Australia’s Foreign Investment Review Board a “letter of no objection” to its plan of acquiring – via a subsidiary – a 92-percent interest in Silver Heritage. Silver Heritage developed the casino property Tiger Palace Resort Bhairahawa (pictured in a file photo), on Nepal’s border with India. According to Friday’s filing, administrators from professional services firm KPMG said a deed of company arrangement had “now been fully effectuated … and has terminated,” with control of the company now “returned to the newly appointed directors.” ....
January 25, 2021 Some eight months after being placed into administration by its main lender and Asian casino operator Silver Heritage Group Limited has now reportedly been officially purchased by Philippines enterprise HatchAsia Incorporated. According to a report from Inside Asian Gaming, the Sydney-listed firm behind The Millionaire’s Club and Casino inside Nepal’s Shangri La Hotel and Resort was placed under the control of audit specialist KPMG in May after being unable to meet its debt obligations to backer OCP Asia. The source detailed that the company had strayed into the red owing to the delayed December of 2017 launch of its Tiger Palace Resort Bhairahawa venue alongside the loss of the contract to run gambling operations inside Vietnam’s Phoenix International Club, which had accounted for approximately 45% of its revenues. ....