HONG KONG (Reuters) – Shares of Macau gambling group Suncity Group Holdings Ltd were set to rise 6.1% in resumed trade on Thursday after the company confirmed its chairman, who was arrested over alleged links to cross-border gambling, resigned.
Alvin Chau, who is also the founder of Suncity, was arrested by Macau police on Sunday.
Suncity’s stock was set to open at HK$0.14. Its shares were suspended from trade on Wednesday.
(Reporting by Donny Kwok and Marius Zaharia; Editing by Muralikumar Anantharaman)
