News blog
AMZ Holdings
- BY: Andrew Hore |
- POSTED: 09/02/2009 |
- COMMENTS: Add yours
AMZ Holdings is considering its options for the land it owns on Penghu Island following the plans to legalise gaming in Taiwan.
AMZ is the largest and only private landholder on Penghu and has put together more than 10 hectares of land - enough to enable it to apply for a gaming licence. It also has approvals for the development of a resort. AMZ will not build and operate a casino itself.
The gaming tax will be 10% gross, against 35% in Macau.
Merrill Lynch has been appointed to assess strategic options. An international gaming company is more likely to take on the development of a resort and/or casino.
AMZ had cash in the bank of £2.51m at the end of November 2008 and had convertible loan notes worth £4.77m. The net asset value is £3.9m, including property valued at £6.45m.
At 160p a share, AMZ is valued at £25.7m.
© 2007 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- 2.4mNumber of messages posted on SocialGo networks
- $38mCost savings generated by ideas from WalMart staff over a two month period
- 19.4m
Number of people passing through Johannesburg Airport in 2007
- News Blog
- All micro news
Synchronica
Mobile messaging technology provider Synchronica, which is the subject of a contested, all-share bid from rival Myriad AG, has signed a letter of intent with TSX Venture Exchange-quoted Intertainment Media.
DCD Media
AIM-quoted Timeweave has bought convertible loan notes in DCD Media that can convert into a 29.9% stake in the TV programmes producer.
James Cropper
Paper and speciality fibres manufacturer James Cropper is investing $3m in a new manufacturing facility in New York State.
TEG Group
Peter Gyllenhammar has taken his stake in TEG Group to 3.2% following the purchase of 500,000 shares.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|