Gambling group Suncity's shares set to rise 6.1% after arrested chairman resigns
- Country:
- Hong Kong
Shares of Macau gambling group Suncity Group Holdings Ltd were set to rise 6.1% in resumed trade on Thursday after the company confirmed its chairman, who was arrested over alleged links to cross-border gambling, resigned.
Alvin Chau, who is also the founder of Suncity, was arrested by Macau police on Sunday.
Suncity's stock was set to open at HK$0.14. Its shares were suspended from trade on Wednesday.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Macau
- Alvin Chau
- Suncity
Advertisement