Gambling group Suncity's shares set to rise 6.1% after arrested chairman resigns

LET group

02/12/2021 01:21

HONG KONG, Dec 2 (Reuters) - Shares of Macau gambling group
Suncity Group Holdings Ltd  1383.HK  were set to rise 6.1% in
resumed trade on Thursday after the company confirmed its
chairman, who was arrested over alleged links to cross-border
gambling, resigned.
    Alvin Chau, who is also the founder of Suncity, was arrested
by Macau police on Sunday.  urn:newsml:reuters.com:*:nL1N2SM028
    Suncity's stock was set to open at HK$0.14. Its shares were
suspended from trade on Wednesday.

 (Reporting by Donny Kwok and Marius Zaharia; Editing by
Muralikumar Anantharaman)
 ((marius.zaharia@thomsonreuters.com; +852 2843 6358;))