|Bid||0.056 x 0|
|Ask||0.059 x 0|
|Day's Range||0.055 - 0.059|
|52 Week Range||0.055 - 0.560|
|Beta (5Y Monthly)||1.24|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 29, 2022 - Apr 04, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 23, 2010|
|1y Target Est||N/A|
HONG KONG (Reuters) -Trade in shares of Macau's Suncity Group Holdings Ltd and its unit Summit Ascent Holdings Ltd were suspended on Thursday, pending a statement in relation to a possible loan default. Alvin Chau, Suncity's CEO as well as the founder of Macau's biggest operator of junkets that bring in high rollers to play at casinos, was arrested last month over alleged links to cross-border gambling. Suncity shares were halted pending an announcement "in relation to a possible loan default by an associate of the controlling shareholder of the company and possible enforcement of securities charged," Suncity Group said in a statement.
HONG KONG (Reuters) -Macau's Suncity Group Holdings Ltd said gaming rooms operated by a company owned by its former CEO and chairman, Alvin Chau, have been closed. Chau, who was arrested with 10 others on Sunday over alleged links to cross-border gambling and money laundering, is also the founder of Macau's biggest junket operator which brings in high rollers to play at casinos. Suncity Group also confirmed in its statement issued late on Wednesday that Chau had resigned from all positions at the listed company, but did not announce a new CEO or chairman.
Embattled gambling group Suncity Group Holdings has closed all of its VIP gaming rooms in Macau, the world's largest gambling hub, after the company's CEO was arrested, two sources with direct knowledge of the situation told Reuters. The shutting of the company's VIP rooms will result in a cut of around a third of its Macau headcount, said one of the sources, a senior casino executive who declined to be identified as the closure has not been publicly announced. Suncity Group did not respond to a request for comment.