Tuesday, March 5, 2024
HomeNewsHong KongSuncity, Summit Ascent, stocks remain on halt pending news

Suncity, Summit Ascent, stocks remain on halt pending news

FOLLOW US

Suncity Group and Summit Ascent said their stocks will remain suspended from trading on the Hong Kong Stock Exchange pending news.

The shares were halted on May 13th.

The trading halt in will remain until the publication of an announcement in relation to inside information of the Company pursuant to The Hong Kong Codes on Takeovers and Mergers and Share Buy-backs.

A further announcement will be forthcoming.

The future of the listed companies and their subsidiary businesses have been facing uncertainty following the arrest of Suncity’s Alvin Chao, the revamp of the Junket legal entity and the ongoing crackdown from Beijing on gaming.

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

RELATED ARTICLES