Salem Radio Network News Thursday, August 18, 2022

Business

Suncity shares set to open up 114% after naming new majority shareholder

HONG KONG (Reuters) – Shares in Macau’s Suncity Group Holdings Ltd were set to open 114% higher on Thursday after resuming trading with its Executive Director Andrew Lo becoming the company’s new majority shareholder.

The company’s previous chairman faces charges including illegal gambling and money laundering.

(Reporting by the Hong Kong newsroom; Editing by Jacqueline Wong)

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Michael Ramirez
Mon, Aug 8, 2022

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