Inside Asian Gaming

IAG MAY 2020年5月 亞博匯 13 SOUTH SHORE FIGHTING TO AVOID LIQUIDATION ON LOAN DEFAULT 南岸集團尋求 避免遭到清盤 SOUTH SHORE HOLDINGS LTD says it has applied to its bank for a “standstill” to prevent enforcement of security over THE 13 Hotel in Macau and liquidation of the company after the bank issued a demand for immediate payment of HK$2.48 billion owed under its facility agreement. The demand, which covers the entire principal amount plus interest, comes after the company was unable to pay HK$470 million due on 31 March 2020, which it had previously anticipated would be sourced from the disposal of a 50% interest in Uni-Dragon Ltd, the subsidiary that beneficially owns THE 13. The disposal has yet to be completed. South Shore said in a filing that neither its “borrowing entity nor the company can repay at this time” and has instead applied to the bank for a standstill, and that it is “in essence seeking assurances from the bank that it will not take imminent steps either to enforce its security over THE 13 Hotel or to liquidate the Company, and envisages working closely with the bank to achieve an orderly divestment of the Company’s interests in THE 13 Hotel.” It was October last year when South Shore first revealed it was planning to sell up to a 50% stake in its embattled THE 13 project for HK$750 million, and November when it released details of the agreement involving a trio of Hong Kong companies. 南岸集團 有限公司表示，在收到銀行要求立 即償還24.8億港元後，已向銀行申請「暫停」， 以避免後者行使於澳門十三酒店的保證權以 及對該公司清盤。 對於南岸須償還其貸款協議有關之本金 及利息的要求，是出現在該公司沒有償還一 筆於2020年3月31日到期的4.7億港元款項之 後。南岸本來預料通過出售實質擁有十三酒 店的附屬公司Uni-Dragon Ltd的50%權益來 取得款項並作出償還。但出售並未完成。 南岸在一份文件中表示，「借款公司及 本公司於此時無法償還這筆金額」，而且已 向銀行申請暫停，「尋求銀行保證銀行不會 採取即時行動以強制行使其於十三酒店之 保證權或對本公司清盤，並展望與銀行緊密 合作以達致本公司有序地撤出於十三酒店 的投資。」 去年10月，南岸首次透露正計劃以750 萬港元出售其陷入困境的十三酒店項目的 50%權益。到了11月，該公司公佈有關協議 的詳情，當中涉及三間香港公司。