IEZ definition
Examples of IEZ in a sentence
The Prospectus and the Rights Issue Results Announcement originally indicated that approximately 37.1% of the net proceeds from the Rights Issue or HK$601 million would be applied for Phase II development of Tigre de Cristal, which is the Group’s gaming and hotel property in the IEZ Primorye of the Russian Far East.
As disclosed in the annual reports of the Company for the years ended 31 December 2019, 2018 and 2017 respectively, the Group recorded revenue from gaming and hotel operations of approximately HK$532.82 million, HK$463.15 million and HK$470.82 million respectively, of which the Group’s income is predominately generated from its gaming and hotel operations in the IEZ.
The Group is principally engaged in the operation of the hotel and gaming business in the IEZ Primorye in the Russian Federation.
The Company is an investment holding company with the Group principally engaged in the operation of the hotel and gaming business in the IEZ Primorye in the Russian Federation.