09-02-18 - SHAREHOLDERS OF THE 13 HOLDINGS LIMITED APPROVE RIGHTS ISSUE
Hong Kong and Macau, 9th February 2018 – The board of directors (the “Board”) of THE 13
HOLDINGS LIMITED (the “Company”) is pleased to announce that at the special general meeting of Shareholders held today, shareholders approved the resolutions contained in the Company’s circular dated 24 January 2018 in respect of the proposed rights issue and the proposed capital reorganization with margins in favor of 99.85% and 99.90%, respectively.
Peter Coker,Chairman, said, “We are extremely grateful for the overwhelming support shown by our shareholders and their desire to see us complete the incredible project that is THE 13. Once these financing transactions are completed at the end of March 2018, the Company will return to a solid financial position and have the resources to target opening THE 13 at the end of April 2018.
The team has been tremendously busy completing remaining works, installing fixtures and Equipment, and loading in furniture and operating supplies. The hotel looks stunning and it is amazing to see it all finally coming together.