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澳門勵駿(01680.HK)佛得角酒店娛樂場投資項目被終止

macau legend (01680.HK) investment project in Cape Verde hotel entertainment center has been terminated

AASTOCKS ·  Nov 24 19:46

macau legend (01680.HK) announced that it has received notification from the government of Cape Verde regarding its decision to terminate the convention and grant agreement of its subsidiary in Cape Verde (which involves the construction and operation of a hotel entertainment venue and hotel residence infrastructure). The reason is that the subsidiary in Cape Verde did not meet the deadline requirements set for the investment project under the convention, nor did it complete the investment project as agreed. As of June, the carrying value of the related assets is approximately 47 million yuan, and management will assess the impairment provision accordingly.

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