Suncity Group Holdings (HK:1383) has released an update.
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Suncity Group Holdings Limited has announced a discloseable transaction, involving the appointment of IGT as a contractor for a project valued at approximately US$5.3 million, which is significant enough to require a formal announcement due to its size relative to the company’s scale. Trading of Suncity Group’s shares will remain suspended until the company meets the resumption guidance, addresses the causes of suspension, and complies with the Listing Rules to the Stock Exchange’s satisfaction. Shareholders and potential investors are advised to be cautious when dealing in the company’s shares.
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