Shares of Macau casino operator Suncity suspended -HKEX

LET group

29/11/2021 24:57

HONG KONG, Nov 29 (Reuters) - Shares of Suncity Group
Holdings Ltd  1383.HK  were suspended on Monday after its chief
executive was believed to be among 11 people arrested by Macau
authorities on Sunday over alleged links to cross-border
gambling and money laundering.
    The South China Morning Post reported that Macau police said
on Sunday a 47-year-old businessman surnamed Chau was among
those arrested. Alvin Chau is head of Suncity.  urn:newsml:reuters.com:*:nL1N2SJ08Z
    Suncity could not be reached for comment. Shares of the
company last closed at HK$0.255. 
    
     
    

 (Reporting By Anne Marie Roantree; Editing by Kim Coghill)
 ((annemarie.roantree@thomsonreuters.com; +852 97387151; Reuters
Messaging: annemarie.roantree.thomsonreuters.com@reuters.net))