HK-listed casino firm Landing's shares dive after saying chairman not contactable

Shin Hwa World

24/08/2018 02:43

HONG KONG, Aug 24 (Reuters) - Shares of Landing
International Development  0582.HK  slumped as much as 33
percent early on Friday after the casino company said it had
been unable to contact its chairman since August 23.
    Hong Kong-listed Landing's $1.5 billion integrated casino
project in the Philippines was thrown into uncertainty earlier
in August after President Rodrigo Duterte abruptly halted it,
saying it was unfavourable to the government.
    In a statement to the Hong Kong stock exchange late on
Thursday the company said the business operations and financial
positions of the group were normal.   

 (Reporting by Farah Master; Editing by Muralikumar
Anantharaman)
 ((farah.master@thomsonreuters.com; +852 28431631 ; Reuters
Messaging: farah.master.thomsonreuters@thomsonreuters.net))