continues to offer gaming<\/a> under the new concession system that began on January 1. <\/p>\n\n\n\nLast October, the controlling shareholder of Kingston Financial proposed taking the company private, offering HKD0.30 per share to investors. Trading in the shares was suspended on February 10 after a bid from Active Dynamic Ltd<\/strong>, a British Virgin Islands company wholly owned by Pollyanna Chu Yuet Wah<\/strong>, Kingston Financial’s chief executive and co-founder, who already controls 74.6 per cent of the company. <\/p>\n\n\n\nShareholders will receive cheques for payment of the cancellation price on or before March 3, according to the company’s Monday filing. <\/p>\n","protected":false},"excerpt":{"rendered":"
The controlling shareholder of Kingston Financial had proposed taking the company private last October.<\/p>\n","protected":false},"author":176,"featured_media":19763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Kingston Financial Group faces potential delisting from the Hong Kong Stock Exchange by February 27, pending Bermuda court approval of a privatization scheme. The controlling shareholder, Pollyanna Chu Yuet Wah, through Active Dynamic Ltd, initiated the HKD0.30 per share offer last October, leading to share suspension on February 10. This corporate action impacts a company with interests in Macau's Grandview and Casa Real casinos, operating under SJM Holdings' concession.","focusai_entities":"Kingston Financial Group, Grandview Casino, Casa Real Casino, SJM Holdings, Active Dynamic Ltd, Pollyanna Chu Yuet Wah","focusai_location":"Macau, Hong Kong, Taipa, Bermuda, British Virgin Islands","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.9), operator_casino (0.7), investor_analyst (1.0), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Delisting Impact","query":"What are the specific implications for Kingston Financial's Macau gaming operations, particularly Grandview and Casa Real Casinos, following the proposed privatization and delisting from the Hong Kong Stock Exchange?"},{"label":"Shareholder Recourse","query":"What recourse mechanisms are available to minority shareholders of Kingston Financial Group regarding the HKD0.30 per share cancellation price, especially given the controlling shareholder's existing 74.6% stake?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777002560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002560","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777002560"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002560\/revisions"}],"predecessor-version":[{"id":777002595,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002560\/revisions\/777002595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19763"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}