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Suncity, Summit Ascent, stocks remain on halt pending news

Suncity Group and Summit Ascent have issued a trading halt with effect from on Friday, 13 May 2022.

Summit Ascent calls Manila IR a “fast pass” to pan-Asian gaming market

Summit Ascent Holdings believes that its developing integrated resort in Entertainment City will offer the group an alternate “fast pass” to tap into the pan-Asian gaming market once completed. 

Summit Ascent 2021 revenue rises 26%, postpones Phase 2 Tigre de Cristal development

Summit Ascent Holdings posted a 26 percent gain in 2021 revenue and turned adjusted EBITDA positive, but said it was postponing the development of the second phase of its Tigre de Cristal project in Russia due to economic uncertainties.

Summit Ascent sees 2021 EBITDA profit, says monitoring Ukraine crisis

Summit Ascent Holdings, which operates the Tigre de Cristal resort near Vladivostok in Russia, said it expects to post an increase in revenue of 26 percent for 2021 and turn adjusted-EBITDA positive.

Suncity, Summit Ascent stock suspended on warning of associate loan default

Stock in Suncity Group Holdings and its Summit Ascent unit was suspended from trading on Thursday, pending an announcement about a possible loan default by an associate of their controlling shareholder.

Summit Ascent loses second-non executive director in two weeks

Summit Ascent Holdings said that Dr U Chio Ieong has resigned effective immediately, becoming the second non-executive director to depart in two weeks.

Summit Ascent says Wong departure to spend more time on other interests

Summit Ascent has clarified that its non-executive director Philip Wong has stepped down to devote more time to his other business commitments.

Summit Ascent says exec. director Philip Wong stepping down in “best interests of company”

Summit Ascent Holdings said non-executive director Wong Pak Ling, Philip, is stepping down from the company with immediate effect as "his resignation would be in the best interests of the company."

Suncity, Summit Ascent shares plummet, other operators also weaker

Shares in Suncity Group Holdings slumped to a record low on the resumption of trading in Hong Kong on Tuesday, while Summit Ascent saw its stocks tank 63 percent to their lowest in 14 years following the arrest of Alvin Chau.

Summit Ascent releases business update on Tigre de Cristal

Summit Ascent Holdings has released a business update on its Tigre de Cristal property in Russia’s Primorye gambling zone, pointing out that revenue was back at pre-pandemic levels, or better.