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S.A.I Leisure Group Co. Ltd. ( (HK:1832) ) just unveiled an update.
S.A.I. Leisure Group Co. Ltd. has announced the permanent closure of Kanoa Resort in Saipan, effective June 15, 2025, due to the slow recovery of the leisure tourism market and the high capital expenditure required for renovation and rebranding. This decision allows the company to avoid further costs associated with the resort and focus on optimizing the performance of its other properties, particularly the Crowne Plaza resorts, amid the recovering tourism market in Guam and Saipan.
More about S.A.I Leisure Group Co. Ltd.
S.A.I. Leisure Group Co. Ltd. operates in the hospitality industry, focusing on leisure tourism. The company manages a portfolio of hotels and resorts, primarily located in Saipan and Guam, catering to the leisure tourism market.
YTD Price Performance: -3.70%
Average Trading Volume: 25,560
Technical Sentiment Signal: Buy
Current Market Cap: HK$187.2M
For detailed information about 1832 stock, go to TipRanks’ Stock Analysis page.