April five, 2016
Gaming solutions provider Results Dragon International Holdings Ltd. is increasing its reach, especially in Vietnam.
Very last week, the Hong Kong-stated business declared that it is acquiring a 45 p.c stake in a five-star hotel—and land for additional development—in the coastal metropolis of Danang. In a filing with the Hong Kong Stock Exchange, Results Dragon said it would pay a complete thing to consider of US$14.13 million (HKD109.65 million) for the total issued share cash in Vabis Setting up Consultants and Engineering Ltd.
Vabis will hold a 45 p.c stake in a keeping business to be incorporated in Vietnam, which, in switch, would personal the hotel and the plot of land, Results Dragon said.
The hotel, discovered as the One particular Opera Danang Lodge, is a 24-storey, five-star hotel and professional complicated with basement car park in Vietnam’s fourth-greatest metropolis. The hotel has a complete site space of 1,916 square meters and a complete floor space of about 28,493.85 square meters, with an extra 3,285 square meters vacant ton which is supposed for use when the hotel expands.
The offer also involves the digital gaming device club operated in the premises of the hotel.
Nonetheless, Results Dragon warned the acquisition “may or may not materialize” mainly because it is conditional upon the “satisfaction of the conditions” established out in the settlement, between other matters. The hotel is presently in the course of action of acquiring the vital small business certification for the procedure of digital video games small business.
Late previous 12 months, Results Dragon created two deals to regulate digital gaming devices at gaming golf equipment in two five-star resorts in Vietnam—at the Le Meridien Lodge in Ho Chi Minh Town, and at the One particular Opera Lodge. Under the offer, Results Dragon will completely regulate the hotels’ digital gaming device golf equipment for an preliminary time period of ten several years.
“The administrators feel that the acquisition will empower the team to have better handle and management about the provision of management providers,” the business said in a assertion.