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Owner of THE 13 admits ‘significant’ doubt about future

2018-11-29 07:57     Comment:0

Hong Kong-listed South Shore Holdings Limited, which owns THE 13 Hotel in Coloane, has admitted that “a material uncertainty exists that may cast significant doubt” on its “ability to continue as a going concern.”

The company announced the downbeat news in a statement to the Hong Kong Stock Exchange on Tuesday night.

In the statement, the company described THE 13 as an “exclusive luxury hotel and entertainment complex.” 

This photo taken in September shows THE 13 Hotel (in red) in Coloane.
Photo: Monica Leong

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