Zhou Zhuohua is a Macau casino tycoon who is known as "washing rice flower". He owns 4 listed companies in Hong Kong and the Philippines. In addition to operating gambling business, his territory covers Russia, the Philippines and Vietnam, he is also involved in entertainment business, funeral services, and has become very popular recently. NFT (non-substitutable tokens) business.
After the news of Zhou Zhuohua’s arrest came out, many companies he held had "reactions" today (29th). Among them, Sun City Group (1383) and Kaisheng (0102) both suspended trading, while Zhou Zhuohua’s holding Sun Entertainment (8082) closed down more than 30% throughout the day.
As of today's close, the above three Hong Kong listed companies, together with SunTrust Home Developers listed in the Philippines (market value of about 1.381 billion yuan), the latest market value of about 5.5 billion yuan.
Macau casino tycoon Zhou Zhuohua owns 4 listed companies in Hong Kong and the Philippines, and his business is very diversified.
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Sun City Group (1383)
Zhou Zhuohua owns a number of listed companies in Hong Kong, dominated by Suncity Group, with a market value of 1.7 billion before the suspension.
The group focuses on the development of integrated resorts, including operating the "Crystal Tiger Palace" in Russia, involving gaming and hotel business; developing the Westside City project in the Philippines, which will set up about 300 entertainment tables, and is expected to be completed in 2023; opening Hoi An South Bank in Vietnam Comprehensive entertainment resort.
In the first half of this year, Suncity Group earned 148 million yuan and earned 209 million yuan.
Zhou Zhuohua's company operates the "Crystal Tiger Palace" in Russia.
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Triumph (0102﹚ and SunTrust
Suncity Group also owns Kaisheng (0102) and SunTrust, which is listed in the Philippines, and operates casinos in Russia and the Philippines respectively.
Kaisheng focuses on the hotel and gaming industry in Russia, including the aforementioned Crystal Tiger Palace. After the second phase will be opened in 2023, the number of rooms in the Crystal Tiger Palace will be tripled and the number of gaming equipment will increase To double.
Kaisheng last year's total revenue was 129 million yuan, with a slight loss of 131,000 yuan.
The market value of the company before the suspension was 2.19 billion yuan.
It is worth mentioning that Kaisheng has cash of 635 million yuan, and it is currently all equity financing, without any bank borrowings.
As for SunTrust, it operates the hotel and gaming industry in the Philippines. In the first nine months of this year, the company has a net loss of 1.373 billion Philippine pesos, and its current market value is about 8.917 billion Philippine pesos (about 1.38 billion pesos).
One of Sun Entertainment's businesses is investment and film production.
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Sun Entertainment (8082)
Zhou Zhuohua is also a major shareholder of Sun Entertainment, which mainly invests in and produces movies, concerts and other entertainment businesses.
The stock fell 30.9% today to close at 0.107 yuan, and its market value fell to 220 million yuan.
Sun Entertainment's revenue in the first half of the year was 24.267 million yuan, with a loss of 23.87 million yuan.
In addition to media and entertainment business, Sun Entertainment also provides cremation and funeral services, as well as pet funeral services.
The company recently opened a new NFT (non-fungible token) production studio.
Earlier, "Pinggu" Sun International
It is worth mentioning that Zhou Zhuohua originally owned 62.82% of Sun International (8029), but at the end of August this year, he suddenly sold all the shares he held to his long-term business partner Zheng Dinggang.
Moreover, according to the information of the Stock Exchange, the transaction price at that time was 0.1 yuan per share, which was a substantial discount of 80% to the stock price of Sun International at that time.
The stock closed at 0.54 yuan today, down 37%, with a market value of 1.23 billion yuan.
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