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NEWS Dore (0628) compensated $25.92M guarantee shortfall 2008/04/02 11:20 (Infocast News) Dore Holdings (0628) announces that as that the actual Nove Profit for the first relevant period was $137.08 million and therefore the first profit guarantee of $163 million has not been met. Accordingly, Chen Yiming is obliged to compensate for the shortfall of $25.92 million. In September last year, Dore announced that it agreed to acquire from Power Rush Holdings Limited, a company wholly owned by Chen, 60% issued share capital of Triple Gain Group Limited for a total consideration of $993.6 million. The main asset of Triple Gain is the Nove Profit (0.4% of the rolling turnover generated by Chen Yiming's wholly-owned company, Nove Sociedade Unipessoal Limitada). Nove has been appointed by Venetian Macau S.A. as a gaming promoter. Power Rush granted a call option to Dore pursuant to which Dore has the right to require Power Rush to sell the remaining 40% interest in Triple Gain to Dore at any time within twelve months at a consideration of $806.4 million. |
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| aus der Diskussion: | Dore Holdings - neue Casinoaktie aus Macao |
| Autor (Datum des Eintrages): | Sugar2000 (02.04.08 07:18:13) |
| Beitrag: | 52 von 228 (ID:33784597) |
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