The Hong Kong-listed shares of casino developer Landing International Development Ltd had fallen by 35.06 percent in the first 90 minutes of Thursday trading, prior to the stock being suspended at 10.53am.
At time of suspension the shares were priced at HKD3.76 (US$0.479) apiece. At Wednesday’s close the shares had been valued at HKD5.79 each.
The company told the bourse in a Thursday morning filing that it had requested suspension of its stock “pending the release of an announcement in relation to inside information of the company”.
GGRAsia approached the group seeking more information on the reasons for suspension, but a spokesperson said it could not comment until an announcement had been made to the market.
In February the group opened a foreigner-only casino at its Landing Jeju Shinhwa World resort on the South Korean island of Jeju.
The firm is also pursuing a casino project in Manila in the Philippines.
Jan 22, 2019Macau casino operator SJM Holdings Ltd has under local law to issue a request to the city’s government if it wants an extension of its gaming concession before its contract ends in March 2020,...
Jan 22, 2019
Jan 22, 2019
”Despite fears around a trade war and China’s economic slowdown, the narrow-moat Macau gaming market’s competitive positioning and demand remain strong”
Analyst at Morningstar Asia