10/03/22 China: 36 found guilty in Suncity-linked trial 36 people have been sentenced to up to seven and a half years in prison for their involvement in a cross-border illegal gambling syndicate.
09/28/22 Only two defendants partly accept charges in Suncity trial The defendants including former Suncity Group CEO Alvin Chau Cheok Wa, have finished testifying.
09/22/22 Former Suncity exec says company had IT system for multiplier bets Ali Celestino has told Alvin Chao’s trial that Suncity had an IT system that supported record keeping for illegal multiplier bets.
09/21/22 Alvin Chau denies involvement in online betting Chau Cheok Wa has denied involvement in online betting but admitted that Suncity ran proxy betting services.
09/20/22 LET Group Holdings enters into US$51m loan agreement LET Group has pledged approximately 69.67 per cent of Summit Ascent Holdings Ltd’s total issued shares to secure the loan.
09/08/22 Hong Kong panel says offer for LET Group Holdings too low According to the Takeovers and Mergers Panel at Hong Kong’s Securities and Futures Commission, Major Success Group Ltd must offer HK$0.069 per share for the company.
09/05/22 Alvin Chau trial postponed to September 19 Chau’s trial has been postponed to September 19, because 11 of the 21 defendants were absent at the first scheduled hearing.
09/02/22 Alvin Chau trial starts today The charges against Alvin Chau Cheok Wa include founding and leading a criminal organisation, crimes punishable by a minimum of eight years in prison.
08/16/22 Suncity Group gets go-ahead to change name LET Group Holdings Suncity Group Holdings has won shareholder approval to change its name to LET Group Holdings Ltd.
07/22/22 Summit shares not subject to mandatory bid from Suncity Group Summit Ascent Holdings has issued a statement clarifying that Suncity Group Holdings is not required to make an offer for any of the balance of Summit Ascent’s shares.
07/19/22 Suncity Group to change name to LET Group Holdings The board believes the new name better reflects the group’s strategic business plan.
