Betex Breaks the Silence

7 December 2007

The chairman of Asia-facing lottery and gaming company Betex broke months of silence last week and reassured shareholders that they were looking out for their best interest.

In a letter to shareholders, Johnny Hon addressed the difficulties the company has been experiencing over the last 12 months, including the suspension of its shares in April of this year following the arrest of two senior Betex staff in China. Hon said that the company has had to remain mum due to the ongoing investigation.

Before thanking the shareholders, advisors and Betex staff for their patience during the trying matter, he assured the shareholders that core investments are doing well and the company's foothold in China will remain strong.

Click here to read the letter.