Oshidori reveals HK$2.82 billion profit in 2020


Oshidori reveals HK$2.82 billion profit in 2020

Oshidori International Holdings announced on Tuesday the company profited HK$2.82bn ($363m), which was its highest profit to date.

Due to the growth, the company plans to focus on strategic and tactical investment of a diversified portfolio.

As part of the strategic and tactical investment, the company has devised an investment team that will oversee the process.

Under the Securities and Futures Ordinance (SFO), the team holds different licenses allowing them to function on a wider scale.

These licenses are type 1 (dealing in securities), type 2 (dealing in futures contracts), type 4 (advising on securities) and type 9 (asset management).

Through this, the company aims to build a successful and diverse portfolio of investments, which are of value to its shareholders.

The 2020 interim report mentioned that the group had made significant investments last year, which consists of companies like Satinu Resources, Shengjing Bank and ZhongAn.

As for future endeavours, the company is currently teaming up with Mohegan Gaming & Entertainment to bid for an integrated resort in Nagasaki.

In the interim report, the Chinese company said it is “actively preparing for a unique proposal to win the bid”. It has also stated that it is confident of winning a Nagasaki license.

The group has mentioned that it will fully devote itself to becoming an integrated resort operator in Nagasaki.