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summit ascent holdings ltd (102) Details

Summit Ascent Holdings Limited, an investment holding company, engages in the trading of tiles and engineering operations products in Hong Kong. It is also involved in the gaming and hotel operations; and operates a resort comprising gaming area with 35 VIP gaming tables, 33 mass market gaming tables, and 321 slot machines; casual and fine dining restaurants, bars, a gym and spa, and a hotel with 121 rooms located in the Russian Federation. The company was formerly known as Arnhold Holdings Limited. Summit Ascent Holdings Limited was founded in 1993 and is headquartered in Central, Hong Kong.

13 Employees
Last Reported Date: 04/18/16
Founded in 1993

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summit ascent holdings ltd (102) Key Developments

Summit Ascent Holdings Limited Announces Change of Principal Place of Business

The board of directors of Summit Ascent Holdings Limited announced that the principal place of business of the company in Hong Kong has been changed to Room 3701, 37th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong with effect from May 3, 2016.

Summit Ascent Holdings Limited, Annual General Meeting, Jun 13, 2016

Summit Ascent Holdings Limited, Annual General Meeting, Jun 13, 2016, at 12:15 China Standard Time. Location: 30th Floor, Hotel LKF by Rhombus 33 Wyndham Street, Lan Kwai Fong, Central Hong Kong Agenda: To receive and adopt the audited financial statements and the reports of the directors and auditor for the year ended 31 December 2015; to re-elect the directors; to authorise the board of directors to fix the remuneration of the directors; to re-appoint Deloitte Touche Tohmatsu as auditor and to authorise the directors to fix their remuneration; and to consider other things.

Summit Ascent Holdings Limited Reports Audited Consolidated Cash Flow Results for the Year Ended December 31, 2015

Summit Ascent Holdings Limited reported audited consolidated cash flow results for the year ended December 31, 2015. For the period, net cash used in operating activities were HKD 14,504,000 against HKD 12,905,000 a year ago. Purchases of equipment were HKD 114,000 against HKD 305,000 a year ago.


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Valuation 102 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 133.1x
Price/Book 3.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 126.3x

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