03/30/23 Summit Ascent posts profit of US$1.5m for 2022 The profit compares to a US$29.3m loss in 2021.
03/15/23 Summit Ascent expects to post profit for 2022 Summit Ascent Holdings has announced that it expects to report a turnaround for the last financial year.
01/17/23 Summit claims Suntrust failed to pay interest on bonds totalling US$6.15m Summit Ascent said it is in talks with Suntrust Resort Holdings Inc. on the payment arrangement of the overdue interest but no concrete plan has been reached yet.
09/27/22 LET Group secures guarantee for US$51m loan Sun Hung Kai, Summit Ascent Holdings’ main shareholder, is one of the guarantors.
08/15/22 Summit Ascent expects to post 37% increase in revenue for H1 Summit Ascent Holdings has announced it expects to record an increase in revenue and adjusted EBITDA of nearly HK$60m for the first half of the year.
07/22/22 Summit shares not subject to mandatory bid from Suncity Group Summit Ascent Holdings has issued a statement clarifying that Suncity Group Holdings is not required to make an offer for any of the balance of Summit Ascent’s shares.
04/26/22 Summit Ascent hopes to become pan-Asian gaming operator Summit Ascent believes its integrated resort in Manila will offer a “fast track” for the group to enter the pan-Asian gaming market.
03/23/22 Summit Ascent reports HK$230m loss but revenue up 22% for 2021 Summit Ascent Holdings has posted HK$265.5m ($33.9m) in revenue for 2021.
03/23/22 Tigre de Cristal Phase II delayed until at least 2025 Summit Ascent Holdings has said that the Tigre de Cristal Phase II development will be postponed until 2025 due to economic uncertainties and travel restrictions related to the Covid-19 pandemic.
12/10/21 Suncity and Summit Ascent shares suspended from trading The shares of Suncity Group Holdings and its Summit Ascent division were suspended from trading on Thursday after an announcement that an associate of its controlling shareholder may have a loan default.
12/07/21 U Chio Ieong resigns as non-executive director of Summit Ascent Following Philip Wong’s departure as a non-executive director, U Chio Ieong has also stepped down from Summit Ascent Holdings.
12/03/21 Philip Wong steps down as non-executive director of Summit Ascent Summit Ascent Holdings has reported Philip Wong has resigned as a non-executive director “to devote more time to personal matters.”
10/26/21 Tigre de Cristal revenue surpasses pre-pandemic levels Summit Ascent Holdings has said that Tigre de Cristal’s revenue has benefited from a shift to the local market.
09/21/21 Summit Ascent extends maturity date of US$120m loan to SunTrust Summit Ascent Holdings has extended the maturity date of a US$120m loan to SunTrust Resort Holdings until July 18, 2022 mainly due to the Covid-19 pandemic.
