Century Entertainment Discloses Previously Undeclared Connected Deposit Transaction

Century Entertainment International Holdings Limited ( (HK:0959) ) has provided an announcement.

Century Entertainment International Holdings has revealed that a 2021 payment of a HK$8.19 million deposit to Lion King for gaming table business rights at a new casino in Cambodia, and its subsequent reassignment to chairman and CEO Mr. Ng, constituted a connected transaction that was not properly disclosed at the time. The deposit became non-operational after termination of the relevant assignment agreement and was informally assigned to Mr. Ng in March 2024, then formally documented on 2 July 2025 through a set-off agreement, leading to its reclassification as other receivables. As Lion King is wholly owned by Mr. Ng, the arrangement fell under Hong Kong Listing Rules on connected transactions and was subject to reporting and announcement requirements, though exempt from shareholder approval, underscoring compliance and governance implications for the company’s handling of related-party dealings.

The most recent analyst rating on (HK:0959) stock is a Hold with a HK$0.72 price target. To see the full list of analyst forecasts on Century Entertainment International Holdings Limited stock, see the HK:0959 Stock Forecast page.

More about Century Entertainment International Holdings Limited

Century Entertainment International Holdings Limited is a Hong Kong-listed company engaged in the gaming and casino-related entertainment sector, with operations and business interests linked to gaming table business rights in casinos in Cambodia. Its activities involve assignment agreements for gaming table business operations, particularly in new or relocated casino facilities in that market.

Technical Sentiment Signal: Buy

Current Market Cap: HK$92.34M

See more insights into 0959 stock on TipRanks’ Stock Analysis page.