Thursday, March 28, 2024

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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.

Suntrust Home Developers confirms Westside City to open in 2024

Suntrust Home Developers has confirmed the timeline for construction of its Westside City project, saying the main hotel is under construction and is expected to open in 2024.

Suntrust says Chau’s arrest has no impact on Westside City project

Suntrust Home Developers said the arrest of Suncity CEO Alvin Chau is not expected to have a direct impact on its business and will not affect the timeline for construction of its Westside City Project in Entertainment City, Manila.

Suntrust amends Westside City accord, extends deadline to 2024

Suntrust Home Developers, the Philippines unit of Suncity Group, said it had adjusted the terms of a contract to build an integrated resort in Manila, pushing the deadline for completion to 2024.

Suntrust to double capital to raise funds for Westside City project

Suntrust Home Developers is seeking investor approval to double its authorized capital stock to finance construction of the Westside City project in Manila.

Megawide gains contracts for Westside City Resorts World

Philippine-listed Megawide Construction Corp has announced that it has been awarded multiple contracts worth PHP26.3 billion (US$552 million) by Suntrust Home Developers for its Westside City Resorts World project.

LET Group – AKA Suncity – focus to remain on ASEAN markets

LET Group mandated priorities in a post-COVID era are to remain strongly focused on ASEAN, with Vietnam, and the Philippines in particular, as key markets.

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.

Suncity says 2021 “dark year,” sees Philippines as a bright spot

Suncity Group Holdings said 2021 was a “dark year” in the country’s history, but it continues to see opportunities in Asia and views its investment in the Philippines as being a bright spot. 

Suncity warns defaulted Chau loan secured by group shares

Suncity Group Holdings has warned that a company owned by former CEO Alvin Chau has been given until early next week to repay a HK$300 million ($38.4 million) loan that was secured with his 75 percent stake in the company, in a development that may result in a change in control.