Casino operator NagaCorp's Hong Kong shares hit 15-wk low on Cambodia labour dispute

NagaCorp

20/12/2021 04:14

** Shares of hotel and casino complex operator in Cambodia,
NagaCorp Ltd  3918.HK , fall as much as 4.1% to HK$5.91, their
lowest since Sept. 6, and on course for fifth straight session
of decline
    ** Co says an illegal strike involving 360 staff at
NagaWorld complex in Cambodia's Phnom Penh has not affected its
operation, and it has strong workforce of about 6,500 employees
to support the business operations (https://bit.ly/32f3rg6)
    ** Says its business operations remain normal and the
strike, due to an employee rationalization program, has had no
material negative impact on its overall operations, and it
continues to see an increasing trend of customer visitation
since its reopening on Sept. 15
    ** The Hang Seng Commerce & Industry Index  .HSNC  drops
1.7%, the Hang Seng Composite Index on conglomerates  .HSCIC 
slips 0.8%, and the benchmark Hang Seng Index  .HSI  falls 1.3%
    ** As of last close, the stock had fallen 39.4% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))