Investment Summary

International Entertainment Invests In Arc of Triumph Development

On April 16, 2007, International Entertainment invested in real estate company Arc of Triumph Development from Cheung Hung Development for 739M HKD

Investment Highlights
  • This is International Entertainment’s 1st transaction in the Real Estate sector.
  • This is International Entertainment’s 2nd largest (disclosed) transaction.
  • This is International Entertainment’s 1st transaction in Macau.

Investment Summary
Date 2007-04-16
Target Arc of Triumph Development
Sector Real Estate
Investor(s) International Entertainment
Sellers(s) Cheung Hung Development
Deal Type Stake Purchase
Deal Value 739M HKD

Target

Arc of Triumph Development

Macau
Arc of Triumph Development Co.,Ltd engages in land development business in Macau.

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Investor(S) 1

Investor

International Entertainment

Hong Kong, China
Category Company
Founded 1998
Sector Leisure
Employees346
Revenue 207M HKD (2023)
DESCRIPTION

International Entertainment is an entity that engages in operation of hotel business; leasing of investment properties for casino and ancillary leisure and entertainment operations. International Entertainment was founded in 1998 and is based in Hong Kong, China.

DEAL STATS #
Overall 2 of 2
Sector (Real Estate) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Macau) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-23 Fortune Gate Overseas

Virgin Islands (British)

Fortune Gate Overseas Limited is an investment holding company. Fortune Gate Overseas Limited formally operated as a subsidiary of International Entertainment Corp.

Buy HK$850M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-02 Cyber On-Air Group

China

Cyber On-Air Group Ltd ( COAG) is principally engaged in the provision of network solutions and project services. For network solution, the COAG Group provides total system solution including data networking solution, synchronisation solution, timing solution, wireless local area network solution and network access control solution.

Sell HK$2.0B

Seller(S) 1

SELLER

Cheung Hung Development

China
Category Company
Sector Real Estate
DESCRIPTION

Cheung Hung Development (Holdings) Limited engages in real estate property investment and development.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Macau) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-24 Arc of Triumph Development

Macau

Arc of Triumph Development Co.,Ltd engages in land development business in Macau.

Buy HK$363M
Mergr

Product

Company

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