Summit Ascent Holdings has received dual-recognition in the “Asia’s Outstanding Companies Poll 2021” by Asiamoney Magazine, named as Most Outstanding Company in Hong Kong – Casinos & Gaming Sector and the Most Outstanding Company in Hong Kong – Small / Mid Caps.
The awards recognize the group’s efforts in integrated resort pre-opening ability, management strategy, commitment to shareholder’s value, investor communications and corporate social responsibility. Summit Ascent is a majority owner of Russian integrated resort Tigre de Cristal and also holds an interest in Suncity Group’s US$1 billion hotel-casino development in Manila’s Entertainment City.
Asiamoney’s Asia Outstanding Companies Poll is designed to acknowledge listed companies that have excelled in areas such as financial performance, management team excellence, IR activities and CSR initiatives.
Some 1,071 fund managers, buy-side analysts, bankers and research analysts are said to have taken part in the voting, which concluded on 16 July 2021.
In total, over 5,787 votes were received for publicly listed companies across 13 markets in Asia, with 190 companies from 13 Asian jurisdictions including China, Hong Kong, Japan, Korea, Malaysia, the Philippines and Singapore recognized as being the most outstanding in their sectors and in their market. The winners included 13 companies from Hong Kong
“Being named in the top and only spot by Asiamoney in the Casinos & Gaming Sector is an extraordinary achievement, because every vote we have received by investors is a vote of confidence in us,” said Andrew Lo, Deputy Chairman of Summit Ascent.
“It is now proven that the group’s vision to operate integrated resorts in Asia, including Russia and, potentially, the Philippines, has been in the right direction when looking for growth in integrated resorts.
“Undoubtedly, Primorye Integrated Entertainment Zone and Manila’s Entertainment City are gaming hubs on the rise in Asia. Backed by Suncity, Summit Ascent is in the perfect position to capture returns for shareholders in the long run.”