Gambling group Suncity’s shares set to rise 6.1% after arrested chairman resigns By Reuters

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.

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