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Suncity Group Holdings ( (HK:1383) ) has shared an update.
LET Group Holdings Limited, a company with its principal businesses unchanged, has reported stable day-to-day operations. The construction of its Main Hotel Casino in the Philippines is progressing on schedule with plans to appoint additional contractors for an opening in 2025. However, its hotel and gaming business in Russia continues to face challenges due to the Russia-Ukraine conflict and associated sanctions. The Group is also seeking to divest its non-core property development businesses in Japan to enhance cash flow. The dissolution of a joint venture company, Gold Yield Enterprises Limited, will result in a net loss of approximately HK$9 million for the Group.
More about Suncity Group Holdings
Current Market Cap: HK$298.3M
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