HK's Landing Int'l hits 2-1/2 mth high; Philippines grants casino licence

Shin Hwa World

26/07/2018 05:21

** Shares of Landing International Development Ltd  0582.HK 
jump as much as 39.2 pct to HK$11, their highest since May 11,
after the Philippines authority grants a casino license.
** The resort developer says the Philippines gaming and gambling
licensing authority has granted its unit a provisional license
to establish and operate a casino in an integrated resort to be
developed by the firm in Manila.  urn:newsml:reuters.com:*:nFWN1UL0U3
** Co. says total investment of the resort is estimated at $1.5
bln and will be funded by internal resources and debt.
** As of the previous close, the stock had fallen 49.03 percent
so far this year. 
** By lunch break, about 12.25 million shares of the company
change hands, compared with their 30-day moving average of 1.80
million shares a day.
** Hong Kong benchmark index  .HSI  slides 0.7 pct

 (RM: donny.kwok.thomsonreuters.com@reuters.net)