THE 13 HOLDINGS LIMITED is a hospitality and management contracting/engineering company listed on the Hong Kong Stock Exchange (Stock Code: 577).THE 13 HOLDINGS’ hospitality division operates under the brand THE 13 and is developing an ultra-luxury hotel on Macau’s Cotai Strip opening in the fourth quarter of 2016. The Company conducts its management contracting business through its 51.8 percent owned subsidiary Paul Y Engineering Group Limited (PYE).
South Shore Holdings, the owner of Macau’s luxury The 13 Hotel, is seeking a standstill agreement from a lender, which has demanded full repayment of a loan facility and interest after the company failed to make a payment.
South Shore Holdings said it hasn’t yet reached a formal accord to operate gaming facilities at the ultra-luxurious The 13 Hotel, though a memorandum of understanding it reached with the affiliate of an operator remains in place. In a statement to the Hong Kong Stock Exchange, South Shore said “the entering into of a formal […]