The Silver Heritage Group, which is listed on the Australian stock exchange, the ASX, has been granted a temporary trading suspension of its stocks from February 27.
The company said unexpected delays in the completion of its Nepal resort led to the request.
“The board has been conducting a review of the impact of these delays and the initial results of these investigations have suggested that the delays may have a material effect on the completion date and final project cost of Tiger Palace Resort Bhairahawa,” said Silver Heritage managing director and CEO Mike Bolsover in a letter to the ASX on Monday.
The company has requested the suspension remain in place until the board is able to release an announcement on the updated completion date and final project cost of its new resort.
Source: Asia Gaming Brief
