Century Entertainment seeks to remove a disclaimer about its financial condition.<\/p>\n\n\n\n\n\n\n\n
Cambodia.- Hong Kong-based\u00a0Century Entertainment International Holdings\u00a0<\/strong>has issued a company filing seeking the removal of a financial disclaimer. The company asserts that chairman Ng Man Sun’s financial assistance, including a personal guarantee on borrowings and\u00a0a convertible bond<\/a>, ensures its stability.\u00a0<\/p>\n\n\n\n The group highlighted Ng’s decision not to demand the repayment of borrowings amounting to HK$56.67m. It said the company will have sufficient working capital for operations. An investment in eight gaming tables at a new casino in Cambodia, initially valued at HK$120m, is expected to progress by January 31, 2024. <\/p>\n\n\n\n The company said it plans to negotiate with creditors for potential debt reconstruction, explore Ng’s willingness to convert his bond into shares and to implement cost-control measures.\u00a0In June,\u00a0Century Entertainment<\/a>\u00a0<\/strong>reported that it expected to record a loss of approximately HK$63m (US$8.04m) for the last financial year, a widening from HK$3.7m in\u00a0the previous fiscal year<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Century Entertainment seeks to remove a disclaimer about its financial condition.<\/p>\n","protected":false},"author":176,"featured_media":32939,"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 is seeking to remove a financial disclaimer, citing chairman Ng Man Sun's significant financial support, including personal guarantees and debt forbearance. The company plans debt reconstruction, potential bond conversion, and cost controls to ensure sufficient working capital, while progressing an investment in gaming tables in Cambodia despite reporting a widened loss for the last fiscal year.","focusai_entities":"Century Entertainment International Holdings, Ng Man Sun","focusai_location":"Hong Kong, Cambodia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.75), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Convertible Bond Terms?","query":"What are the specific terms of Ng Man Sun's convertible bond, and what is the potential equity dilution impact if converted?"},{"label":"Cambodia GGR Projections?","query":"What is the projected Gross Gaming Revenue (GGR) contribution from the eight gaming tables in Cambodia, and how does this align with the company's revised financial projections?"}],"footnotes":""},"categories":[157,16333],"tags":[23768],"class_list":["post-777011448","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\/777011448","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=777011448"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011448\/revisions"}],"predecessor-version":[{"id":777040893,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011448\/revisions\/777040893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32939"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}