Thursday, March 03, 2005
The Standard - Pair ready to bet $250m in Macau despite opposition - Business Section
"Pair ready to bet $250m in Macau despite opposition
Zach Coleman
February 28, 2005
Two Hong Kong-listed companies are poised to take a flutter on Macau's gambling boom over the opposition of their independent directors and the advice of their financial adviser.
The two interlinked companies, Heritage International Holdings and China United International Holdings, want to stake a combined HK$250 million to take a 50 percent interest in Found Macau Investments International, a holding company recently established by the stepfather of Heritage's managing director and two partners to make gambling and entertainment investments in Macau."