07/08/22 Suncity shares jump by 137% after trade resumes Company shares have begun trading again after nearly two months.
07/07/22 Suncity resumes trading on the Hong Kong Stock Exchange The company has announced that trading in its shares resumed today (July 7). Suncity’s Summit Ascent has also resumed trading.
05/19/22 Andrew Lo takes control of Suncity Group Alvin Chau Cheok Wa has transferred his controlling stake in Suncity Group and Summit Ascent to Andrew Lo Kai Bong.
05/11/22 Suncity Group to sell two groups of wholly-owned subsidiaries The units will be bought by Great Promise Developments Ltd, a company located in the British Virgin Islands and controlled by a businessman named Zhong Jianhua.
04/25/22 Entertainment company linked to Suncity proposes name change to Yeah Yeah Group Sun Entertainment Group Limited aims to “improve its corporate image,” distancing itself from Suncity’s junket operations.
04/22/22 Macau casinos may have to cover US$6.37bn in junket debts Macau casino operators could have to cover HKD50m (US$6.37bn) of a total HKD100bn of unsatisfied liabilities and uncollected debts left after Suncity Group and Tak Chun were shut down.
04/04/22 Suncity terminates travel business The company says it took the decision due to the impact of the Covid-19 pandemic and the disposal of Suncity Group Holdings’ aircraft.
03/30/22 Suncity Group reports US$33m loss for 2021 Suncity Group Holdings Ltd has shared its financial results for the year 2021, positing a loss of HKD258.3m (US$33m).
03/24/22 Suncity Group expects to record US$67.3m loss for 2021 Suncity Group Holdings Ltd has announced it expects to post a loss of HKD526.5m (US$67.3m) for the year ended December 31.
02/11/22 US trade union calls for investigation into SunCity Group The International Union of Operational Engineers has called for a US federal investigation into junket operator SunCity Group and its link with US gaming companies.
01/18/22 Woman receives jail sentence in Suncity investigation The woman had refused to provide a statement during the investigation following the arrest of Alvin Chau Cheok Wa on cross-border gambling and money laundering accusations.
