Completion of Acquisition of 11.24% shares by majority shareholders
Hong Kong, April 6, 2005 - Emperor Entertainment Hotel Ltd ("the Company" / "Emp Ent Hotel", SEHK: 296, OTC: EPCHY) announces that its majority shareholder, Emperor International Holdings Ltd. ("Emp Int'l", SEHK: 0163, OTC: EPRRY) has on 3 March 2005 completed the acquisition of 11.24% shares in Emp Ent Hotel at HK$1.58 per share which is equal to the closing price of the shares on 15 February 2005, the date of agreement of the acquisition. Emp Int'l has also since March 2005 acquired 1,300,000 shares of Emp Ent Hotel from the market at an average price of HK$1.80 per share.
Following is the shareholding structure of Emp Ent Hotel updated to 31 March 2005 according to Disclosure of Interest Filings:
Shareholder
Disclosed Interest
Filing Date
Albert Yeung Discretionary Trust
- through Emp Int’l
310,137,600 (33.39%)
31/03/2005
OZ Management
69,581,387 (7.49%)
24/03/2005
Deutsche Bank AG
55,935,000 (6.02%)
23/03/2005
Artisan Partners
41,785,000 (4.50%)
15/02/2005
- 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 partnerts 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. Emperor Star City, a retail and residential complex, is another spectacular project in property development in Yu Yuen, Shanghai. The acquisition of the cruise ship "Golden Princess" had brought the Company with steady 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.
