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summit ascent holdings ltd (102) Details

Summit Ascent Holdings Limited, an investment holding company, engages in the operation of hotel and gaming business in the Integrated Entertainment Zone of the Primorye Region in Russian. The company operates Tigre de Cristal, a resort with gaming area comprising 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. It also provides administrative services. The company was formerly known as Arnhold Holdings Limited and changed its name to Summit Ascent Holdings Limited in May 2011. Summit Ascent Holdings Limited was founded in 1993 and is headquartered in Central, Hong Kong.

992 Employees
Last Reported Date: 09/19/17
Founded in 1993

summit ascent holdings ltd (102) Top Compensated Officers

Deputy Chairman
Total Annual Compensation: $176.0K
Compensation as of Fiscal Year 2016.
summit ascent holdings ltd
Summit Ascent Holdings Limited Reports Unaudited Consolidated Cash Flow Results for the Six Months Ended June 30, 2017

Summit Ascent Holdings Limited reported unaudited consolidated cash flow results for the six months ended June 30, 2017. For the six months, Net cash generated from operating activities was HKD 52,941,000 against HKD 18,988,000 reported a year ago. Payment for property, operating right and equipment was HKD 30,904,000 against HKD 8,202,000 reported a year ago.

Summit Ascent Holdings Limited Announces the Change of Chief Operating Officer

The board of directors of Summit Ascent Holdings Limited announced that Mr. Craig Robertson Ballantyne has tendered his resignation as the Chief Operating Officer - Russian Operations and will join Melco International Development Limited Group after completing the handover of his current duties and responsibilities to the Acting Chief Operating Officer - Russian Operations in the next few weeks. The Board also announced that Mr. Stylianos Tsifetakis will, upon Mr. Ballantyne's departure, be appointed as the Acting Chief Operating Officer - Russian Operations. Mr. Tsifetakis, aged 46, has joined the Group in a senior management capacity for almost 3 years, and is currently the deputy to Mr. Ballantyne at Tigre de Cristal.

Summit Ascent Holdings Limited Appoints Eric Daniel Landheer as Executive Director

The board of directors of Summit Ascent Holdings Limited announced that Mr. Eric Daniel Landheer has been appointed as an Executive Director of the company with effect from 4 September 2017. Mr. Landheer is currently the Director - Corporate Finance and Strategy and a director of a subsidiary of the company. He is responsible for leading the company's fundraising and other capital markets activities, strategic planning and execution, as well as investor and media relations. He has more than 20 years of experience in the financial markets. Prior to joining the company in March 2014, Mr. Landheer was Senior Vice President and Head of Issuer Marketing at Hong Kong Exchanges and Clearing Limited from 2011 to 2012 and led their efforts to attract international and Chinese listings to Hong Kong as well as the promotion of offshore Renminbi products. Previously, Mr. Landheer was Head of Asia Pacific for the NASDAQ OMX Group Inc. for four years based in London and Hong Kong, and was responsible for the NASDAQ's new listings and retention business as well as media and government relations throughout Asia.


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Price/Sales 3.9x
Price/Book 1.5x
Price/Cash Flow 15.1x
TEV/Sales 1.8x

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