Wealth Millennium Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hong Kong-listed Landing International Development Ltd, promoter of a foreigner-only casino and resort (pictured) on Jeju Island in South Korea, is to raise HKD138.8 million (US$17.9 million), or HKD138.5 million after expenses, via subscription shares, for a combination of capital expenditure on existing facilities at Jeju Shinhwa World, and toward the cost of a new hotel there.
The firm says the move is in anticipation of recovery in tourism later this year, with the easing of the worst effects of the Covid-19 pandemic.
Following the deal, Landing International Ltd, a private firm that is parent to Landing International Development, and is controlled by businessman Yang Zhihui, will have its interest in the latter firm diluted by 7.01 percentage points, to 35.06 percent. Mr Yang is also chairman of the Hong Kong-listed public business. ....

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