Shares of Macau gambling group Suncity set to fall 5.8%

LET group

13/12/2021 01:21

HONG KONG, Dec 13 (Reuters) - Shares of Macau gambling group
Suncity Group Holdings were set to fall 5.8% on Monday after it
said late on Friday that lenders had demanded full repayment of
loans of HK$313.6 million ($40.2 million) within five business
days from Dec. 8.
    The loan taken on by Star Soul Investments was guaranteed by
Alvin Chau, the now-detained owner of the company, and also a
former chairman and director of Suncity Group. 
    Chau resigned after being arrested last month over alleged
links to cross-border gambling, with his junket operation
closing all of its VIP gambling rooms in Macau in the wake of
his arrest. 

    ($1 = 7.7989 Hong Kong dollars)

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