Summit Ascent Holdings Ltd 2020 Annual Report with Sustainability Disclosures
Company: Summit Ascent Holdings Ltd
Sector: Hospitality & food services
Country: Hong Kong
Year: 2020
Type: Annual Report with Sustainability Disclosures
Pages: 155
The report states that the Group's total revenue fell to HK$211.2 million in 2020 amid COVID-19 disruption. It also highlights a rights issue that raised approximately HK$1,618.4 million and increased the Group's stake in Tigre de Cristal from 60% to 77.5%. ESG achievements include a 15.8% reduction in carbon emissions and 83% local procurement, with the report's zero work-related fatality highlight applying to the TdC ESG reporting scope.
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