Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalSummit Ascent is a subsidiary of LET Group Holdings Limited (“LET Group”, HKEx stock code: 1383), which owns 69.66% of Summit Ascent. Summit Ascent holds 77.5% in Tigre de Cristal, currently one of the largest integrated resorts located in the Primorye Integrated Entertainment Zone of the Russian Far East.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalOriental Regent Ltd, a subsidiary of Hong Kong-listed Summit Ascent Holdings Ltd, is set to sell its gaming and hotel operations in Russia. The wholly-owned subsidiary, G1 Entertainment LLC, is being sold to Russian entity Dalnevostochniy Aktiv LLC for a price consideration of $116 million.
| February 16, 2024 | Hong Kong threatens to delist companies due to sale of casinos in Russia |
| Tigre de Cristal – Summit Ascent Holdings Ltd |