Suncity Group Announces Major Contractor Agreements

Suncity Group Holdings (HK:1383) has released an update.

Suncity Group Holdings Limited has announced major transactions involving substantial agreements with contractors EE Black and MDCC for various design, fit-out, and installation works on a project, with combined contract values amounting to millions in Philippine Pesos, equivalent to substantial amounts in Hong Kong Dollars. The transactions with EE Black exceed 25% of the applicable percentage ratios, making it a major transaction that requires shareholder approval, as per the listing rules. The company’s shares continue to be suspended from trading.

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