{"id":777010280,"date":"2023-10-19T08:10:19","date_gmt":"2023-10-19T11:10:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777010280"},"modified":"2026-04-22T16:59:48","modified_gmt":"2026-04-22T19:59:48","slug":"century-entertainment-sells-convertible-bond-to-ceo","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/century-entertainment-sells-convertible-bond-to-ceo","title":{"rendered":"Century Entertainment sells convertible bond to CEO"},"content":{"rendered":"\n<p>Century Entertainment International CEO Ng Man Sun has bought a HK$32m convertible bond.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cambodia.- Hong Kong-based\u00a0<strong>Century Entertainment International Holdings\u00a0<\/strong>has issued a company filing announcing that it has finalised the sale of a convertible bond worth HK$32m (US$4.1m) to its chairman and chief executive officer, <strong>Ng Man Sun<\/strong>.\u00a0<\/p>\n\n\n\n<p>The company said that the subscriber and close associates in aggregate held 35,872,196 shares, representing approximately 27.97 per cent of the total issued shares. The bond is set to mature in 36 months and is interest-free, with the option to convert it into a maximum of 125 million shares priced at $0.256 each.\u00a0<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/century-entertainment-expects-us8-04m-loss-for-fy23\" target=\"_blank\">Century Entertainment<\/a><strong>\u00a0<\/strong>has reported that it expects to record a loss of approximately HK$63m (US$8.04m) for the last financial year, a widening from HK$3.7m in <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/century-entertainment-posts-full-year-losses-of-hk43m\" target=\"_blank\">the previous fiscal year<\/a>. It attributes the increased loss to the write-off of intangible assets and impairment losses on receivables.\u00a0<\/p>\n\n\n\n<p>Earlier this year, the company secured&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/century-entertainment-signs-agreement-for-gaming-tables-in-cambodia\" rel=\"noreferrer noopener\">a new five-year agreement to operate eight gaming tables<\/a>&nbsp;in Dara Sakor, Koh Kong. It shifted its gaming north from Sihanoukville during the pandemic through a deal with&nbsp;<strong>Lion King Entertainment<\/strong>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Century Entertainment International CEO Ng Man Sun has bought a HK$32m convertible bond.<\/p>\n","protected":false},"author":176,"featured_media":16856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Century Entertainment International Holdings' CEO, Ng Man Sun, has acquired a HK$32m convertible bond, signaling a significant insider capital injection. This occurs as the company projects a substantial widening of its annual loss to HK$63m, driven by asset write-offs and impairments, despite recently securing a new five-year gaming table operation agreement in Cambodia.","focusai_entities":"Century Entertainment International Holdings, Ng Man Sun, Lion King Entertainment","focusai_location":"Hong Kong, Cambodia, Dara Sakor, Koh Kong, Sihanoukville","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"CEO Bond Rationale?","query":"What is the strategic rationale behind the CEO's substantial convertible bond purchase, and how does this insider financing impact the company's capital structure and potential for future equity dilution, particularly in light of the widening operational losses?"},{"label":"Loss Drivers & GGR Impact?","query":"Beyond the write-off of intangible assets and impairment losses, what are the underlying operational drivers contributing to the significant increase in projected losses, and how does the new five-year gaming table agreement in Dara Sakor factor into the revised financial outlook and GGR forecasts?"}],"footnotes":""},"categories":[157,16333],"tags":[23768],"class_list":["post-777010280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-century-entertainment-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010280","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=777010280"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010280\/revisions"}],"predecessor-version":[{"id":777041113,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010280\/revisions\/777041113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}