Silver Heritage said on July 31 it received a $33.9 million offer from an individual called Indra Bahadur Thapa to buy a business in Nepal. Silver Heritage owns and operates Tiger Palace Resort Byrawa (pictured), a casino property on the border between Nepal and India. The organization also runs the game at the Millionaires Club and Casino in Kathmandu, the capital of Nepal.
The company initially granted suitors a 90-day exclusive negotiation period from Aug. 15 to Sept. 10 - after extending the deadline for potential buyers to pay deposits.
"Although this deadline is out and the buyer has not yet paid the deposit, with neither side out of control, the company will work with the buyer non-exclusive while also exploring alternative strategic financing opportunities," Silver Heritage told the Australian Stock Exchange on Wednesday.
The company will continue to inform the market about further developments in this regard," it added
Silver Heritage earlier this month said it could not draw up its financial statements on an ongoing basis of concern required by Australian accounting standards, as it was negotiating the sale of its Nepalese business. As a result, the company said it would delay the release of its interim financial statements.
BY: 파친코
