Core Viewpoint - Emperor Entertainment Hotel's subsidiary, Right Achieve Limited, has sold 79 kilograms of gold bricks for an expected revenue of approximately HKD 90.2 million, indicating a strategic move to capitalize on high market prices and improve financial stability [1] Group 1: Sale of Gold Bricks - The sale involves multiple gold bricks that were previously used as part of the hotel’s luxurious decor to enhance brand image [1] - The buyer is Heraeus Metals Hong Kong Limited, a wholly-owned subsidiary of Heraeus Limited [1] - The decision to sell was influenced by the cessation of gaming operations and the need to repurpose the hotel for other entertainment and leisure facilities [1] Group 2: Financial Implications - The sale is expected to release the value of the gold and save on security and insurance costs associated with the precious metals [1] - The net proceeds from the sale will strengthen the company's financial position, allowing for potential investments when suitable opportunities arise [1] Group 3: Market Context - The current market conditions and high prices for precious metals were key factors in the decision to sell the gold bricks [1] - The hotel plans to undergo renovations and reconfiguration, making the gold bricks no longer relevant to the future theme of the hotel [1]
英皇娱乐酒店出售79公斤金砖，预期将确认收益约9020万港元