HK resort developer Landing dives, says unable to reach chairman

Shin Hwa World

24/08/2018 02:56

** Shares of Landing International Development Ltd  0582.HK 
fall 33 pct to HK$2.52, the lowest since March 23, 2017, after
the resort developer and operator of casinos says it is unable
to contact the company's chairman 
    ** The stock trims losses to HK$3, but still down 20 pct and
heading for the worst day since listing in 2002
    ** Co says it has been unable to contact Chairman Yang
Zhihui since Aug. 23. Yang owns 50.48 pct of the firm
 urn:newsml:reuters.com:*:nFWN1VE0A9
    ** Co says business operations, financial positions normal 
    ** As of the previous close, the stock has fallen 75.74 pct
so far this year
    ** As of 0141 GMT, about 11.8 million shares of the Hong
Kong-based company change hands, compared with their 30-day
moving average of 3.34 million shares a day

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