Lotus Horizon Expands into Macao Dining with New Joint Venture

Lotus Horizon Holdings Limited ( (HK:6063) ) has shared an announcement.

Lotus Horizon Holdings Limited, through its indirect wholly-owned subsidiary Forever Wealth, has entered into a joint venture agreement with LCF to establish a North-eastern Chinese cuisine restaurant at The Venetian Macao under the ‘Dumpling Lake Chong Fa’ brand. The joint venture will not be a subsidiary of Lotus Horizon, and its financial results will not be consolidated into the company’s financial statements. This move marks a strategic expansion into the hospitality sector, potentially enhancing the company’s market presence in Macao’s dynamic dining scene.

More about Lotus Horizon Holdings Limited

Average Trading Volume: 144,266

Technical Sentiment Signal: Hold

Current Market Cap: HK$360M

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