The latest announcement is out from Summit Ascent Holdings ( (HK:0102) ).
Summit Ascent Holdings Limited has announced an update on its business operations and resumption status, highlighting ongoing challenges in its Russian gaming operations due to the Russia-Ukraine conflict and associated sanctions. The company is diversifying investments in the Philippines and plans to divest non-core property assets in Japan to improve liquidity. Despite these efforts, trading of the company’s shares remains suspended as it works to meet the Stock Exchange’s resumption guidance, which includes demonstrating management integrity, financial reporting compliance, and corporate governance standards.
More about Summit Ascent Holdings
Summit Ascent Holdings Limited is involved in the hotel and gaming industry, with primary operations in Russia and emerging markets like the Philippines. The company is also engaged in property development in Japan but is seeking to divest these non-core assets to enhance cash flow.
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