Stock Groups

Shares of Macau casino operator Suncity suspended -HKEX -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – A Macau junket operator Suncity Group logo is displayed at the Macau gaming fair on November 18, 2015. REUTERS/Bobby Yip//File photo

HONG KONG, (Reuters) – Shares in Suncity Group Holdings Ltd were suspended Monday following the arrest of its chief executive by Macau authorities Sunday for allegedly being linked to money laundering and cross-border gambling.

South China Morning Post reports that Macau police arrested a 47 year-old man named Chau on Sunday. Alvin Chau heads Suncity.

Suncity couldn’t be reached for comment. Last time shares were sold, they closed at HK$0.255.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, futures, indexes or Forex. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. Because prices might not reflect the market, they may be incorrect. This means that prices cannot be considered indicative and are inappropriate for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]