South Shore, former operator of The 13 luxury hotel, to delist from HKEX on Thursday

South Shore Holdings Limited – the former operator of the proposed Macau ultra-luxury hotel-casino The 13 – will have its listing on the Hong Kong Stock Exchange officially cancelled on February 9^th at 9:00 am.

The company is currently in liquidation, and trading in the company’s shares has been suspended since July 2^nd of 2021.
The bourse is now moving forward with its January 20^th decision to cancel South Shore’s listing, given that it could delist the company if it didn’t return to compliance and resume trading by January 1^st of this year.
The 13 luxury hotel project was the brainchild of Stephen Hung, with expectations that the group would be able to operate a satellite casino on the property under the gaming concession of Melco Resorts.
However, the company quickly fell into financial difficulties, leading to the sell-off of its customized Rolls Royce fleet and attempted sale of its remaining Macau assets.
While Hung already departed the management of the charges years ago, the company’s former chairman, Peter Lee Coker Jr. was arrested in mid-January in Thailand for alleged involvement in stock manipulation and colluding in fraud relating to a separate instant food company that was listed on the US stock exchange in 2019.

Bricks & Mortar The 13 Hotel Latest news South Shore Holdings Stephen Hung

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