The company expects increased revenue from its gaming and property development segments.<\/p>\n\n\n\n\n\n\n\n
South Korea.-\u00a0Shin Hwa World Limited<\/strong>, the former\u00a0Landing International Development<\/a>,\u00a0<\/strong>has issued a profit alert announcing that it expects to record a decrease in net losses of approximately 20 per cent to 35 per cent year-on-year<\/a> for the first half. This is due to increased revenue and a decline in costs and losses from intangible assets. The group will publish interim results later this month.<\/p>\n\n\n\n In July, the stake of Yang Zhihui<\/a>, the former chairman and executive director of Shin Hwa World Limited<\/strong> was diluted to 9.74 per cent following a rights issue<\/a>. Public shareholders\u2019 ownership has been diluted from 36.16 per cent to 26.45 per cent.<\/p>\n\n\n\n The company\u2019s largest substantial shareholders are now Pauline Lam <\/strong>and Zhang Tingting<\/strong>, holding 17.96 per cent and 16.67 per cent, respectively. The underwriter and the 16 subscribers procured by the underwriter now collectively hold a 29.18 per cent stake.<\/p>\n","protected":false},"excerpt":{"rendered":" The company expects increased revenue from its gaming and property development segments.<\/p>\n","protected":false},"author":176,"featured_media":22179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Shin Hwa World Limited anticipates a 20-35% reduction in net losses for the first half, driven by increased revenue from its gaming and property development segments and decreased costs. This financial improvement coincides with a significant restructuring of its shareholding, including the dilution of former chairman Yang Zhihui's stake and the emergence of new substantial shareholders following a rights issue.","focusai_entities":"Shin Hwa World Limited, Landing International Development, Yang Zhihui, Pauline Lam, Zhang Tingting","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.95), investor_analyst (1.0), operator_casino (0.75), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"H1 Performance Drivers","query":"What specific operational efficiencies or revenue growth drivers within the gaming and property development segments contributed to the projected 20-35% reduction in net losses for H1?"},{"label":"Shareholder Impact Analysis","query":"How will the significant dilution of public shareholders and the emergence of new substantial shareholders, post-rights issue, impact Shin Hwa World's corporate governance framework and future capital allocation strategies?"}],"footnotes":""},"categories":[16338,163],"tags":[24342],"class_list":["post-777018007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-shin-hwa-world"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018007","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=777018007"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018007\/revisions"}],"predecessor-version":[{"id":777018041,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018007\/revisions\/777018041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22179"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}