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GGRAsia – Casino op Silver Heritage gets new board of directors


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.” ....

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