HK's Imperial Pacific at 3-1/2-yr high as Saipan resort to launch partially

Imperial Pacific International Holdings

23/04/2019 03:32

** Shares of Imperial Pacific International Holdings Ltd
 1076.HK  soar as much as 42.4 pct to HK$0.188, their highest
since December 2015
    ** Stock is biggest percentage gainer in early trade 
    ** The gaming and resort provider, which owns a
multi-billion Saipan gaming project, says "Imperial
Palace.Saipan", the phase 1 integrated resort development on the
Island of Saipan will be partially opened on or before Sept 30 https://bit.ly/2UNNSHE
    ** Imperial Pacific, with a market value of $3.12 billion,
has the sole licence to operate a casino in Saipan, but has
faced a slew of delays and setbacks to open its hotel resort
 urn:newsml:reuters.com:*:nL3N2112AW
    ** As of last close, stock up 149.1 pct so far this year
    ** Imperial Pacific has outperformed the Hang Seng Commerce
& Industry Index sector  .HSNC  by 99.3 percentage points in the
past one month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
edges up 0.1 pct, while the benchmark index  .HSI  eases 0.2 pct
    
    ($1 = 7.8454 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)