In the 12 months to March 31, a report by Amax shows that Fornzia Enterprises holds an interactive gaming license in Pacific Island Republic Vanuatu (pictured) through a wholly owned subsidiary. The transaction was completed outside the reporting period, Amax added.
"Consideration will be met upon completion by issuing 37,000,000 shares of the Company at an issue price," Amax said in a filing.
At the end of June, Amax said it was extending the deadline for negotiations on its controlling stake in a proposal to operate a Northern Cyprus casino again.
The 2014 results did not provide an update on possible deals.
In June, Amax said it had net income of about HK$65.4 million in the fiscal year to March 31, compared with a net loss of about HK$39.4 million in the prior year. The improvement was attributed to a one-off profit of HK$122 million from the February 2014 disposal of its wholly-owned subsidiary Ace High Group Limited, which also invests in the Macau junket sector.
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