09/20/22 SJM directors apply for excess rights shares The company has launched a rights issue by which it proposes to raise up to approximately HK$2.9bn.
09/05/22 SJM to negotiate new revenue sharing arrangement with satellite casinos Ambrose So Shu Fai, SJM’s vice-chairman and chief executive, said the company is renegotiating due to increased operating costs.
08/29/22 Authorities approve SJM Resorts plan to increase share capital The Macau government and SJM Holdings have approved SJM Resorts’ major share capital increase.
08/19/22 SJM CEO reduces stake to 2.79% Ambrose So Shu Fai, vice-chairman and chief executive of SJM Holdings Ltd., has earned approximately HK$86.99m (US$11.1m) from the sale of stocks in the company.
08/05/22 US$254.8m loan will help SJM cope with cash burn Moody’s Investors Service Inc. said the loan will boost SJM Holdings’ financial buffer by trimming its reliance on debt to cover its cash burn.
08/04/22 SJM Holdings to receive US$254.8m loan from shareholder STDM STDM’s loan is for a fixed period of six years from the date of drawdown, with a 4 per cent annual interest rate.
08/02/22 SJM Holdings posts net loss of US$351.2m for H1 The casino operator revenue fell 20.9 per cent year-on-year to HK$4.13bn (US$525.9m).
06/27/22 SJM Holdings to pay second bonus instalment SJM Holdings has announced it will pay the second instalment of its annual living subsidy for employees.
06/24/22 SJM Holdings refinances syndicated loan facilities SJM Resorts has entered into a facility agreement with a banking syndicate for syndicated loan facilities of up to HK$19bn (US$2.4bn).
06/17/22 SJM Holdings costs to increase after absorption of satellite casino workers According to Fitch Ratings, SJM Holding staff costs could increase by up to HK$600m(US$76.4m) after it absorbs workers affected by the closure of satellite casinos linked to the company.
06/16/22 SJM Holdings refinancing plan gets final approval Banks have granted their approval of the plans following government approval last month.
05/31/22 SJM Holdings may pay US$38.2m for two self-promoted casinos It’s expected that SJM Holdings Ltd may buy Casino Eastern and Casino Taipa to satisfy new gaming laws.
05/30/22 Authorities approve SJM Holdings refinance plan The government of Macau has finally approved a revolving loan facility for HK$19bn (US$2.44bn) to refinance SJM’s existing financing.
