Neptune Group

    Neptune Group was incorporated in Hong Kong as a public limited company and its shares are listed on The Stock Exchange of Hong Kong Limited in 1973.The principal activities of the Company and its subsidiaries are the investment and development of the VIP gaming room intermediary business in Macau, the trading of listed securities and property investments.

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    Lam Yick Man

    Lam Yick Man is the company secretary, financial controller and authorized representative of Neptune Group. Lam has over 10 years of extensive professional experience in the fields of accounting, finance and auditing. Prior to joining our Group, he worked for international accounting firms and other listed companies in Hong Kong.

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    Neptune rebranding gets shareholder approval

    Hong Kong-listed Neptune Group Ltd has obtained shareholder approval for its name change to “Rich Goldman Holdings Limited”. Last month, Neptune proposed the name change, saying that its current name does not reflect the diversity of businesses conducted by the group. “While the group is still engaged in its gaming business by receiving profit streams […]

    Neptune Group proposes name change

    Hong Kong-listed Neptune Group Ltd is proposing to change its English name to “Rich Goldman Holdings Ltd, which it says will better reflect the group’s new focus on the money lending and hotel business. Its Chinese name is also being proposed to change from “海王國際集團有限公司” to “金粵控股有限公司”. In a filing to the Hong Kong Stock […]

    Neptune loses another junket partner

    Venetian Macao Limited (VML) is terminating its gaming promotion agreement with one of Neptune Group’s major junket partner, Hou Wan Entertainment Company Ltd. On Monday, Hou Wan received notice from VML that its gaming promotion agreement will terminate on  August 30, 2017. Hou Wan currently operates 10 VIP tables in Sands Macao. As of the […]

    Neptune says Venetian terminates junket accord

    The Neptune Group says the Venetian Macau has terminated an accord with one of its junket operators that accounts for about 41.3 percent of group revenue. The Venetian wrote a letter to Hao Cai Sociedade Unipessoal on May 31 informing the operator of the termination. Hao Cai operates 14 VIP tables at the casino. In […]

    Neptune requests stock suspension on junket news

    Neptune Group, an investor in junkets in Macau, has asked for its shares to be suspended from trading on the Hong Kong Stock Exchange from June 1st. In an exchange filing, the company said the suspension was “pending the release of an announcement in relation to the termination of business of one of the junket […]

    Neptune Group swings to profit in 16H2

    Neptune Group Ltd. recorded a profit of HK$25.9 million (US$3.3 million) in the second half of 2016, compared to a net loss of HK$257 million, according to a company filing to the Hong Kong Stock Exchange. Neptune said it saw “signs of improving customer patronage and gaming turnovers” in 2016. “We are optimistic on the […]

    Neptune Group CFO steps down

    Hong Kong-listed Neptune Group has announced the resignation of Stephen Chan Shiu Kwong as an executive director, chief financial officer, company secretary and authorized representative, effective January 31, 2017. The firm, which operates a number of VIP gaming room businesses in Macau also announced that Lam Yick Man has been named as the new company […]

    Neptune Group posts US$60.1 million net loss

    Neptune Group Ltd. has posted an audited net loss of HK$466.7 million (US$60.1 million) for the fiscal year ended June 30, according to the company’s filing to the Hong Kong Stock Exchange. The company said its gaming revenue fell 41.2 percent to approximately HK$278.7 million for the fiscal year “Last year, many policies have been […]

    Neptune Group issues profit warning

    Junket operator Neptune Group Ltd is expecting to record a significant loss for the year ended June 30, 2016. According to the company’s filing to the Hong Kong Stock Exchange on Tuesday, the harsh environment for VIP rooms was a main factor for the expected loss, as well as “receipt of monies from the Macau […]

    Neptune Group proposes share consolidation

    HK-listed Neptune Group Limited has proposed to consolidate every 10 issued shares into one consolidated share. The company in its announcement to the Hong Kong Stock Exchange says it proposes to raise not less than HK$96.9 million by issuing no less than 280,812,225 Offer Shares, and not more than HK$100.5 million by issuing no more […]

    Neptune Group reports net loss of HK$257 million in 2015

    Macau VIP junket Neptune Group Ltd reported a net loss of HK$257 million (US$33 million) in the first half of the fiscal year ended Dec. 31, 2015, compared to a net profit of HK$103.9 million in 2014, according to an interim report released on Monday. Revenue from commission on rolling turnover decreased by 53 percent […]

    Neptune Group reports net loss of HK$257 million

    Hong Kong-listed Neptune Group, reported a net loss of HK$257 million (US$33.1 million) for the six months ended Dec. 31, 2015, compared to a net profit of HK$130.9 million in 2014, according to an interim report. Neptune Group, an investor in the Macau VIP gambling sector noted the continuing contraction of Macau’s VIP sector and […]

    Neptune chairman gives bleak view of Macau gaming industry

    Macau’s gaming business has experienced the worst period for quite some time, with improvements coming at a “a snail’s pace,” said Neptune Group chairman Danny Xuda Huang. Following a group net loss of HK$998.6 million ($128.8 million) for the year ended 30 June 2015, compared to profit of HK$515.4 million in 2014, the gaming investor […]

    Neptune considers packing up after huge loss

    Junket operator Neptune Group Ltd. reported a net loss attributable to owners of HK$828 million ($103 million) for the fiscal year ended June 30 and says it’s considering exiting the business due to market conditions. The company said its poor performance was due to “the spectacular slowdown” in the local VIP gaming industry, adding that […]

    Neptune Group warns of loss after VIP room closure

    Neptune Group said it expects to make a “substantial loss” for the year ending June 30, 2015 as a result of the decision by Lucky Star to close its junket business at the StarWorld Hotel in Macau from July 1. Neptune said it indirectly acquired a 10 percent stake in profit generated at the VIP […]
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