Master Million Enterprises Limited
Imagi (0585) to buy Les Ambassadeurs Club from Paul Suen Cho Hung
| Termination
Company announcement, 24-Jul-2019
The GBP122m (HK$1206.1m) price on the London casino is significantly less than the HK$2.5bn purchase price from Landing (0582) in Sep-2017. Mr Suen's ownership application is still pending with the UK Gambling Commission. Interestingly today's PDF metadata reveals that the deal is code-named "Project Martini" - a hat-tip to James Bond. Update: the deal was terminated by the seller on 18-Mar-2020 and a GBP12.8m break fee was payable to Imagi.
Company announcement, 24-Jul-2019
The GBP122m (HK$1206.1m) price on the London casino is significantly less than the HK$2.5bn purchase price from Landing (0582) in Sep-2017. Mr Suen's ownership application is still pending with the UK Gambling Commission. Interestingly today's PDF metadata reveals that the deal is code-named "Project Martini" - a hat-tip to James Bond. Update: the deal was terminated by the seller on 18-Mar-2020 and a GBP12.8m break fee was payable to Imagi.
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