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Success Universe Group Limited ( (HK:0487) ) just unveiled an announcement.
Success Universe Group Limited announced the early termination of the service agreement between SJM Resorts and Pier 16 – Entertainment, leading to the cessation of operations at Casino Ponte 16. This decision impacts the company’s share of profits from the Ponte 16 project, with a significant reduction expected in the Group’s share of results from the associates. Despite this, Success Universe will continue its travel-related and property investment businesses.
More about Success Universe Group Limited
Success Universe Group Limited operates in the travel-related and property investment sectors, with a significant focus on the Ponte 16 project in Macau. The company holds a 49% stake in Pier 16 – Property Development Limited, which is involved in casino and entertainment services.
Average Trading Volume: 1,192,571
Technical Sentiment Signal: Buy
Current Market Cap: HK$551.8M
See more insights into 0487 stock on TipRanks’ Stock Analysis page.