Thursday, April 25, 2024

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Andrew Lo bumps bottom acquisition offer for Suncity ListCo.

LET Group - formerly Suncity Group - along with Major Success Group have revised their bottom offer to acquire Suncity Listco shares priced at HK$0.0690 per share, a filing to the HKSE on Wednesday shows. 

Andrew Lo ascends to chairman of Suncity rebranded LET Group

Andrew Lo Kai Bang was appointed chaiman of Suncity rebranded LET Group Holdings as well as Summit Ascent Holdings, in fillings to the Hong Kong Stock Exchange.

Suncity stock surges 137% as Andrew Lo confirmed as majority shareholder

Suncity Group Holdings stock soared 137 percent on resumption of trading in Hong Kong on Thursday after executive director Andrew Lo was confirmed as majority shareholder.

Suncity executive director Andrew Lo new company owner after Alvin Chau sale

Suncity Group Holdings executive director Andrew Lo is the new majority shareholder in the group after former CEO Alvin Chau offloaded his stake.

Suntrust board appoints Westside Resorts World directors Andrew Lo, David Chua

Suntrust Home Developers Inc, the company behind the Westside Resorts World project in Manila has appointed two high-profile executives to its board of directors. 

HK regulator warns LET Group, Summit Ascent delisting over Russian asset sale

Hong Kong stock regulator warns it may delist LET Group and Summit Ascent over concerns about the sale of its Russian assets, namely Tigre de Cristal.

Summit Ascent company secretary resigns

Summit Ascent Holdings Ltd’s company secretary has resigned, adding to the recent wave of resignations hitting the company.  

Sale of Tigre de Cristal license caused by Russia-Ukraine conflict

LET Group Holdings says its $116 million deal to sell its gaming license for the Tigre de Cristal Resort in Vladivostok was prompted by concerns surrounding the Russia-Ukraine conflict.

Suntrust Resort Holdings narrows loss by 41 percent, still on schedule for Westside City

Philippines Stock Exchange-listed Suntrust Resort Holdings, subsidiary of the LET Group, has announced a narrowing of its net loss in 3Q23, to PHP414.48 million ($7.43 million), down 41 percent annually.

LET Group’s stock plunges 75 percent on property sale concerns

Shares of LET Group Holdings have plummeted nearly 75 percent since September 22nd, just two weeks after the firm announced its subsidiary's plans to sell a mall operator in Mainland China.