Brief: Suncity Group Says Resignation Of Chau Cheok Wa Chau As Chairman Effective From 1 Dec

LET group

01/12/2021 14:38

Dec 1 (Reuters) - Suncity Group Holdings Ltd  1383.HK :
    * CHAU CHEOK WA CHAU INDICATED HIS INTENTION TO RESIGN FROM
POSTS
OF CHAIRMAN
    * CHAU CHEOK WA INDICATED INTENTION TO RESIGN FROM POST OF
EXECUTIVE DIRECTOR
    * AN APPLICATION HAS BEEN MADE BY CO TO STOCK EXCHANGE FOR
RESUMPTION OF TRADING IN SHARES WEF DEC 2
    * NOTED NEWS COVERAGE CONCERNING VIP BUSINESS IN MACAU
CEASED
OPERATION
    * CLARIFY GROUP HAS NOT BEEN CARRYING ON ANY VIP BUSINESS IN
MACAU
    * CLARIFY VIP BUSINESS IN MACAU CARRIED BY SCGPCL, A CO
OWNED BY
FORMER CHAIRMAN, CONTROLLING SHAREHOLDER
    * GROUP HAS SUSPENDED OPERATIONS OF ITS TRAVEL AND RELATED
BUSINESS SEGMENT FOR TIME BEING
    * NOT IN A POSITION TO COMMENT ON AFFAIRS RELATING TO VIP
BUSINESS
    * RESIGNATION OF CHAU CHEOK WA CHAU AS CHAIRMAN AND
EXECUTIVE
DIRECTOR EFFECTIVE FROM 1 DECEMBER

Further company coverage:  1383.HK 

 (Reuters.briefs@thomsonreuters.com)