Hong Kong-listed investment firm Landing International Development said it was "actively considering" raising funds to complete the acquisition of the remaining 50% stake in a casino project under construction on Jeju Island in South Korea. 바다이야기

Landing International has agreed to pay $420 million for a 50% stake held by Genting Singapore Plc. Genting Singapore announced last month that it would sell its participation in the Jeju Shinhwa World Project, formerly known as "Myth and History Park" or "Resort World Jeju," to focus on other projects, including potential investments in Japan.

"After a recent review of the group's funding needs…," Landing International said in a filing on Wednesday… The company is actively considering the financing methods available to the company, including implementation of stock fund procurement and rights issues."

Landing International previously said it was "beneficial" to gain 100% control of Jeju project development and management because it would enjoy absolute economic benefits in the entire future revenue.

In a filing on Wednesday, the Hong Kong-listed company said it would still discuss "the possibility of financing various available shares" with financial institutions and controlling shareholders.

Landing International reported a loss of HK$526.5 million ($67.9 million) in the six months to June 30, compared to a loss of HK$143.9 million in the same period a year earlier. Revenue rose 307.7% Y/Y to HK$445.3 million, positively impacting the company's game operations. The gaming sector reported a profit of HK$82.1 million in the first six months of 2016.