{"id":777022818,"date":"2025-02-12T10:04:10","date_gmt":"2025-02-12T13:04:10","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777022818"},"modified":"2026-04-22T01:53:29","modified_gmt":"2026-04-22T04:53:29","slug":"let-group-given-new-guidance-as-trading-suspension-continues","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/let-group-given-new-guidance-as-trading-suspension-continues","title":{"rendered":"LET Group given new guidance as trading suspension continues"},"content":{"rendered":"\n

The company has received new resumption guidance from the Hong Kong Stock Exchange.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.- LET Group Holdings\u00a0<\/strong>has issued a company filing announcing it has received a letter from the Stock Exchange setting out new resumption guidance. The company said it has been required to demonstrate it has “a validly constituted board of directors in accordance with the applicable laws and regulations and the company\u2019s articles of association.”<\/p>\n\n\n\n

The guidance orders the company to demonstrate that there is no reasonable regulatory concern about the integrity of its management or any persons with substantial influence. It must publish all outstanding financial results and address any audit modifications to ensure compliance with Rule 13.24 and must inform the market of all material information to allow investors to appraise its position.<\/p>\n\n\n\n

The company said it is making efforts to reconstitute its board of directors in compliance. Since the resignation of Kwok Kai Bun Bennie<\/a> as an independent non-executive director in November, LET Group has been identifying suitable candidates for the role. <\/p>\n\n\n\n

The suspension of trading has been in place since February 14, 2024. In January, the company reported its principal businesses remained unchanged since the last quarterly announcement date and that day-to-day operations remained stable. It said the Westside City integrated resort (IR) project in Manila<\/a> is under construction and progressing as planned. There remain challenges at Tigre de Cristal in Russia due to sanctions against Russia.<\/p>\n\n\n

\n
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The Tigre de Cristal casino resort in Russia.<\/figcaption><\/figure>\n<\/div>\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The company has received new resumption guidance from the Hong Kong Stock Exchange.<\/p>\n","protected":false},"author":176,"featured_media":777006346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"LET Group Holdings has received new resumption guidance from the Hong Kong Stock Exchange, requiring it to reconstitute its board, address management integrity concerns, publish outstanding financial results, and ensure full disclosure to facilitate trading resumption. The company's shares have been suspended since February 2024, with ongoing projects including the Westside City IR in Manila and challenges at Tigre de Cristal in Russia.","focusai_entities":"LET Group Holdings, Hong Kong Stock Exchange, Kwok Kai Bun Bennie, Westside City, Tigre de Cristal","focusai_location":"Hong Kong, Manila, Russia","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.95), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Board Reconstitution Impact","query":"What specific governance framework adjustments and board member profiles are required to satisfy the HKEX's 'validly constituted board' directive and expedite trading resumption?"},{"label":"Financial Disclosure Timeline","query":"What is the projected timeline for LET Group to publish all outstanding financial results and address audit modifications to comply with Rule 13.24, and what are the potential implications of further delays?"}],"footnotes":""},"categories":[157,16338],"tags":[24197],"class_list":["post-777022818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-let-group-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777022818"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022818\/revisions"}],"predecessor-version":[{"id":777022852,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022818\/revisions\/777022852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777006346"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777022818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}