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Summit Ascent to issue US$120 million loan to Philippines associate SunTrust for Manila hotel and casino development


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Summit Ascent to issue US$120 million loan to Philippines associate SunTrust for Manila hotel and casino development
502
VIEWS
Hong Kong’s Summit Ascent Holdings has entered into an agreement to loan HK$930 million (US$120 million) to Philippines-listed SunTrust Home Developers to fund the construction of SunTrust’s hotel and casino development in Manila’s Entertainment City.
The loan, to be issued by Summit Ascent subsidiary SA Investments, will be issued due to delays in Summit Ascent’s own development works in Vladivostok, Russia, where it is has started construction of Tigre de Cristal Phase 2.
Both companies are majority-owned by Hong Kong’s Suncity Group, which owns a 67.5% stake in Summit Ascent and 51% of SunTrust. Summit Ascent also holds Php5.6 billion worth of convertible bonds in SunTrust, which would equal a 30.03% stake should it choose to convert. ....

Hong Kong , Suntrust Home Developers , Hong Kong Summit Ascent Holdings , Hong Kong Suncity Group , Summit Ascent Holdings , Philippines Listed Suntrust Home Developers , Summit Ascent , Tigre De Cristal Phase , Suncity Group , Tigre De Cristal , Westside City Resorts World , Grand Theatre , ஹாங் காங் , சன்ட்ரஸ்ட் வீடு டெவலப்பர்கள் , ஹாங் காங் உச்சிமாநாடு ஏற்றம் ஹோல்டிங்ஸ் , ஹாங் காங் சூரிய ஒளி குழு , உச்சிமாநாடு ஏற்றம் ஹோல்டிங்ஸ் , பிலிப்பைன்ஸ் பட்டியலிடப்பட்டுள்ளது சன்ட்ரஸ்ட் வீடு டெவலப்பர்கள் , உச்சிமாநாடு ஏற்றம் , புலி டி கிறிஸ்டல் கட்டம் , சூரிய ஒளி குழு , புலி டி கிறிஸ்டல் , மேற்குப்பகுதி நகரம் ரிசார்ட்ஸ் உலகம் , மாபெரும் திரையரங்கம் ,

Tigre de Cristal Staff Receives Russia's COVID-19 Vaccine, An Injection of Hope in the Resumption of International Travel - Media-OutReach - Vietnam News | Politics, Business, Economy, Society, Life, Sports


Update:
February, 24/2021 - 04:12
|
Suncity , Hong Kong Stock Exchange code: 1383) and Summit Ascent Holdings Limited (
Summit Ascent , Hong Kong Stock Exchange code: 102), are pleased to announce that staff in Tigre de Cristal has started to receive Russia s self-developed Sputnik V COVID-19 vaccination
. This is a move by the Government to safeguard the health and safety of the Russian citizens, our staff and our guests, as well as a move to prepare the country to go back to normal soon.
As a number of countries in the world are rolling out mass COVID-19 vaccination programmes, the normalisation of the economy and the re-opening of international borders are just around the corner. ....

Hong Kong , Republic Of , Central Vietnam , Vietnam General , Da Nang , Ðn Ng , Permskiy Kray , Russian Federation , Suntrust Home Developers Inc , Summit Ascent Holdings Limited , Suncity Group Holdings Limited , Summit Ascent Holdings Limited Hkex , Da Nang International Airport , Hong Kong Stock Exchange , Vladivostok International Airport To , Suncity Group Holdings Limited Hkex , Media Outreach , Group Holdings Limited , Tigre De Cristal , Chau Cheok , Summit Ascent , Russian Government , Through Summit Ascent , Primorye Integrated Entertainment Zone , Russian Far , Vladivostok International Airport ,

Megawide bags 'multiple contracts' worth P26B for Suntrust project


BusinessWorld
February 16, 2021 | 12:04 am
MEGAWIDE Construction Corp. on Monday said it bagged “multiple” contracts amounting to P26.3 billion from Suntrust Home Developers, Inc. for its Westside City Resorts World project.
“The initial letters of award from Suntrust — totaling P6.3 billion — included initial works such as pile cap, excavation, and lateral support direct contract, worth P2.3 billion, and Site B main contract, including basement substructure, superstructure, and architectural builders works and finishes, amounting to P4 billion,” the listed engineering and construction company said in an e-mailed statement.
The company added that it was awarded a supplemental agreement amounting to P20 billion on Dec. 18 last year. ....

Manila Bay , Philippines General , Arjayl Balinbin , Edgarb Saavedra , Suntrust Home Developers Inc , Main Hotel Casino , Hong Suncity Group Holdings Ltd , Megawide Construction Corp , Suntrust Home Developers , Westside City Resorts World , Entertainment City Manila , Hong Kong Listed Suncity Group Holdings , Chief Executive Officer Edgar , மணிலா வளைகுடா , பிலிப்பைன்ஸ் ஜநரல் , சன்ட்ரஸ்ட் வீடு டெவலப்பர்கள் இன்க் , பிரதான ஹோட்டல் கேசினோ , ஹாங் சூரிய ஒளி குழு ஹோல்டிங்ஸ் லிமிடெட் , சன்ட்ரஸ்ட் வீடு டெவலப்பர்கள் , மேற்குப்பகுதி நகரம் ரிசார்ட்ஸ் உலகம் , பொழுதுபோக்கு நகரம் மணிலா , ஹாங் காங் பட்டியலிடப்பட்டுள்ளது சூரிய ஒளி குழு ஹோல்டிங்ஸ் , தலைமை நிர்வாகி அதிகாரி எட்கர் ,