Macau's Suncity confirms loan default, shares to resume trade on Dec 13

LET group

10/12/2021 12:50

Dec 10 (Reuters) - China-based investment holding company
Suncity Group Holdings Ltd  1383.HK  said on Friday that its
borrower Star Soul Investments was served with a letter that
alleged a loan default.
    The letter demanded a full repayment of the loan of HK$313.6
million ($40.21 million) within five business days from Dec. 8,
the Macau-based company said in a statement.
    Suncity and its unit Summit Ascent Holdings Ltd  0102.HK 
have made applications to resume the trading of their shares on
Dec 13.

    
($1 = 7.7998 Hong Kong dollars)
    

 (Reporting by Yamini C S in Bengaluru; Editing by Amy Caren
Daniel)
 ((Yamini.CS@thomsonreuters.com;))