HK's Suncity hits near 6-month high, eyes casino cooperation in S.Korea

PARADISE

22/02/2019 03:56

** Shares of Suncity Group Holdings Ltd  1383.HK  rise as
much as 3.5 pct to HK$1.48, their highest since Aug. 30, 2018,
after the resort management consultancy firm says it's in talks
with a casino operator in South Korea regarding "co-operation" 
    ** Co says its unit signed a non-legal binding memorandum of
understanding with Paradise Co Ltd  034230.KQ  regarding
possible co-operation in the South Korea casino operator's
casino in Busan  urn:newsml:reuters.com:*:nFWN20G0S8
    ** Suncity says the parties are still in negotiation on the
final terms of the possible co-operation 
    ** As of the previous close, the stock had risen 16.3 pct so
far this year
    ** Suncity has outperformed the Hang Seng Property Index
sector  .HSNP  by 13 percentage points in the past one month
    ** The Hong Kong benchmark index  .HSI  eases 0.3 pct

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)