Hong Kong, April 4, 2005 - Emperor Entertainment Hotel Ltd. ("the Company”/“Emp Ent Hotel", SEHK: 0296, OTC: EPCHY) refers to the information from Bloomberg terminal on the aggregate portfolio of the Company showing the latest change of shareholding in the Company by OZ Management, a substantial shareholder of the Company, in selling down 50,341M stakes on March 2005.
Emp Ent Hotel wishes to clarify that the considerable sell down by OZ Management revealed from Bloomberg terminal is not valid. According to the Disclosure of Interest filing from OZ Management,
Follow is the most up-to-date shareholding structure of Emp Ent Hotel:
Shareholder
Shareholding
Filing Date
Mr Albert Yeung-through Emperor International Holdings Ltd. (“Emp Int’l”, HKSE Code: 0163, OTC: EPRRY)
309,587,600 (33.38%)
23/03/2005
OZ Management
[69,581,387 (7.49%)]
24/03/2005
Deutsche Bank AG
8,375,000 (6.02%)
23/03/2005
Artisan Partners
41,785,000 (4.50%)
15/02/2005
Emp Int’l has just completed the acquisition of 11.24% of the shares in Emp Ent Hotel at HK$1.58 per share which is equal to the closing price of the shares on 15/02/2005, the date of agreement of the acquisition. Emp Int’l has since March 05 acquired 950,000 shares of Emp Ent Hotel from the market at an average price of HK$1.75 per share.
- End -
About Emperor Entertainment Hotel Limited
The Company is an investment holding company with its subsidiaries principally engaged in gaming business, and property development and investment in the Mainland China. Recently, the company has established joint venture with robust partners such as SJM to develop a luxurious casino hotel with total investment amounted HK$1.2 billion in Macau which is going to be opened in September 2005. Shanghai Star City, a retail and residential complex with its total investment at RMB 2 billion, is another spectacular project in property development in Yu Yuen, Shanghai. The acquisition of the cruise ship “Golden Princess” had bought the Company with promising prospect and handsome return. It is believed that the gaming business will become the Company’s longer-term growth driver. The Company's shares are available in the US through American Depository Receipts.
