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Macau Princess to be disposed of by Success Universe Group
The Success Universe Group Limited on July 2, 2014, announced that Capture Success Limited, an indirect non-wholly owned subsidiary of the Company, entered into the memorandum of agreement to sell the "Macau Success" to Star Sail Investments Limited, at a consideration of HK$93 million. It operates on a daily basis from Hong Kong to international waters. The company was expected to record an unaudited pre-tax gain, before expenses and non-controlling interests, from the disposal of approximately HK$44.2 million. The company has a 55% interest in the cruise ship. Upon completion of the disposal, the company will not hold any interest in the Cruise Ship.
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