Suncity Group Holdings (HK:1383) has released an update.
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Suncity Group Holdings Limited has announced a major transaction involving agreements known as EE Black and MDCC, for which they have received a waiver for strict compliance with a specific stock exchange rule, allowing them additional time to prepare necessary information for a Circular. The company’s trading has been suspended since February and will remain so until various resumption guidelines are met and issues resolved to the stock exchange’s satisfaction. Shareholders and potential investors are urged to exercise caution in dealing with the company’s shares.
For further insights into HK:1383 stock, check out TipRanks’ Stock Analysis page.