Brief: Suncity Group Notes There Was News Coverage Concerning Approval Of Arrest Of Co's Chairman

LET group

29/11/2021 15:05

Nov 29 (Reuters) - Suncity Group Holdings Ltd  1383.HK :
    * NOTES THAT THERE WAS NEWS COVERAGE CONCERNING APPROVAL OF
ARREST
OF CO'S CHAIRMAN
    * NEITHER CO NOR ANY OF ITS SUBSIDIARIES NOR ANY DIRECTOR IS
UNDER
ANY INVESTIGATION AND/OR CHARGES IN CONNECTION WITH INCIDENT
    * CHAIRMAN, WHO IS ALSO AN EXECUTIVE DIRECTOR, INDICATED HIS
INTENTION TO RESIGN FROM THE POSTS
    * APPLICATION HAS BEEN MADE BY CO TO STOCK EXCHANGE FOR
RESUMPTION
OF TRADING IN SHARES WEF 9:00 A.M. ON 30 NOV
    * BOARD DOES NOT EXPECT INCIDENT TO HAVE A MATERIAL ADVERSE
IMPACT
ON DAILY OPERATIONS OF GROUP
    * AS AT NOV 29, THERE IS NO MATERIAL DISRUPTION TO GROUP'S
BUSINESSES


Further company coverage:  1383.HK 

 ((Reuters.Briefs@thomsonreuters.com;))