HK-listed casino operator Landing soars as chairman resumes duties

Shin Hwa World

27/11/2018 01:49

** Shares of Landing International Development Ltd  0582.HK 
leap 45.4 pct to HK$3.97, the highest since Aug. 23, after the
Hong Kong-based casino operator and resort developer says its
chairman resumed duties 
    ** The stock later trims gains to HK$3.67, still up 34.4 pct
and heads for the best day since September 2017
    ** Landing says its chairman and executive director, Yang
Zhihui, resumed duties on Monday after assisting with an
investigation in China  urn:newsml:reuters.com:*:nL4N1Y2039
    ** Landing did not provide any details on the investigation,
but added it had been unable to contact Yang since Aug. 23
    ** The company says its business and operations have been
steady and normal during the period while Yang was absent
    ** As of the last close, the stock has fallen 82.4 pct so
far this year
    ** Landing has outperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 64.9 percentage points in the
past month


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