Suncity shares set to open up 114% after naming new majority shareholder

LET group

07/07/2022 02:20

HONG KONG, July 7 (Reuters) - Shares in Macau's Suncity
Group Holdings Ltd  01383.HK  were set to open 114% higher on
Thursday after resuming trading with its Executive Director
Andrew Lo becoming the company's new majority shareholder.
     The company's previous chairman faces charges including
illegal gambling and money laundering.
     

 (Reporting by the Hong Kong newsroom; Editing by Jacqueline
Wong)
 ((farah.master@thomsonreuters.com; +852 3462 7709;))