{"id":12215,"date":"2020-11-30T12:03:26","date_gmt":"2020-11-30T12:03:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=12215"},"modified":"2026-04-23T23:39:27","modified_gmt":"2026-04-24T02:39:27","slug":"south-shore-reports-us56m-net-losses-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/south-shore-reports-us56m-net-losses-for-h1","title":{"rendered":"South Shore reports US$56m net losses for H1"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The owner of The 13 Hotel in Macau has revealed its latest financial report.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- South Shore Holdings, the group that owns The 13 Hotel, has reported HK$473.7m (US$56.4m) in net losses for the six month period ending on September 30.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">South Shore\u2019s management contracting division remained the major contributor of revenue during the period at HK$5.3bn. The company\u2019s consolidated revenue decreased to approximately HK$5bn.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The group <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/south-shore-seeks-buyer-for-the-13-resort\" target=\"_blank\">intends to sell The 13 Hotel<\/a><\/em><\/strong>, which suspended all operations in February when the Covid-19 pandemic hit the region and has reported no revenue since<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company wants to sell the hotel to repay outstanding bank loans and will continue to seek prospective buyers, it said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">South Shore currently holds HK$9.7bn in liabilities, including HK$4.5bn in bank loans due within one year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The owner of The 13 Hotel in Macau has revealed its latest financial report.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"South Shore Holdings, owner of The 13 Hotel in Macau, reported HK$473.7m in net losses for H1 FY2021 and a consolidated revenue decrease to HK$5bn. The group intends to divest The 13 Hotel, which ceased operations in February due to the Covid-19 pandemic, to mitigate HK$9.7bn in liabilities, including HK$4.5bn in short-term bank loans.","focusai_entities":"South Shore Holdings, The 13 Hotel","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Debt Restructuring Plan","query":"What specific strategies is South Shore Holdings implementing to address its remaining HK$9.7bn in liabilities, particularly the HK$4.5bn in short-term bank loans, following the proposed divestment of The 13 Hotel?"},{"label":"Macau Market Impact","query":"How might the potential sale of The 13 Hotel influence the competitive landscape and asset valuations within Macau's luxury hospitality and integrated resort market, especially given the ongoing recovery from the Covid-19 pandemic?"}],"footnotes":""},"categories":[160,16338,163],"tags":[257],"class_list":["post-12215","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=12215"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12215\/revisions"}],"predecessor-version":[{"id":12227,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12215\/revisions\/12227"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}