Shareholders in Hong Kong-listed casino investor Shin Hwa World Ltd, approved on Tuesday a proposal from the company’s board regarding a new rights issue, with the intention of raising approximately HKD182.6 million (US$23.34 million). Shin Hwa World Ltd is the promoter of Jeju Shinhwa World (pictured in a file photo), a resort complex with a foreigner-only casino in Jeju, South Korea. The company is proposing to implement the rights issue on the basis of one rights share for every one share held by shareholders of the firm. As per the financial advisor, Shin Hwa World Ltd’s gearing ratio “was approximately 19.6 percent” as of December 31, 2024. Earlier this month, Shin Hwa World Ltd announced the rebranding of the gaming venue at the South Korean complex.