Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Suncity Group Holdings Limited
  6. News
  7. Summary
    1383   KYG8572D1135

SUNCITY GROUP HOLDINGS LIMITED

(1383)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 11/30
0.132 HKD   -48.24%
11:04aSuncity closes its Macau VIP gaming rooms after CEO's arrest -sources
RE
05:54aSuncity closes VIP gaming rooms - sources
RE
03:07aMARKETMIND : Transitory, you are toast
RE
SummaryChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

An unknown buyer completed the acquisition of Sun Century Property Group Company Limited from Suncity Group Holdings Limited.

06/30/2021 EST

An unknown buyer signed an agreement to acquire Sun Century Property Group Company Limited from Suncity Group Holdings Limited (SEHK:1383) for approximately CNY 160 million on February 21, 2021. Sun Century Property Group Company reported revenue of CNY 37.7 million, profit after tax of CNY 363.4 million and net liabilities of approximately CNY 839.4 million for the year ending, December 31, 2020. Transaction is subject to completion of the due diligence review to the satisfaction of the purchaser, purchaser having obtained all necessary consents and approvals in relation to the sale and purchase agreement and the transactions contemplated thereunder, approval by the shareholders of Suncity Group Holdings, structure and the form and substance of the relevant agreements of the debt restructuring and the form and substance of the deed of indemnity, the shenzhen sky alliance loan agreements and the property mortgage having been agreed upon by the company and the purchaser. As of May 18, 2021, the transaction has been approved by Suncity shareholders with 100% votes in favour of the transaction. Completion will take place within five business days after all the conditions precedent under the sale and purchase agreement having been fulfilled or waived. As of May 31, 2021, the conditions precedent to the sale and purchase agreement have not been fulfilled and the purchaser entered into an extension letter on 31 May 2021, pursuant to which the company and the purchaser agreed to extend the long stop date to a date on or before June 30, 2021. Merdeka Corporate Finance Limited acted as financial advisor to Suncity. An unknown buyer completed the acquisition of Sun Century Property Group Company Limited from Suncity Group Holdings Limited (SEHK:1383) on June 30, 2021.


ę S&P Capital IQ 2021
All news about SUNCITY GROUP HOLDINGS LIMITED
11:04aSuncity closes its Macau VIP gaming rooms after CEO's arrest -sources
RE
05:54aSuncity closes VIP gaming rooms - sources
RE
03:07aMARKETMIND : Transitory, you are toast
RE
02:09aMacau Casino Stocks Extend Selloff as Junket Operator Suncity Shuts VIP Rooms
DJ
12/01China stocks edge higher; Hong Kong rebounds on bargain hunting
RE
11/30Gambling operator Suncity closes all VIP gaming rooms in Macau -sources
RE
11/30Suncity closes its Macau VIP gaming rooms after CEO's arrest -sources
RE
11/30Gambling operator suncity group holdings
RE
11/30Gambling operator suncity group holdings closes all vip gaming rooms in macau after cha..
RE
11/30Hong Kong shares at over 1-year low on Omicron, tech regulatory concerns
RE
More news
Analyst Recommendations on SUNCITY GROUP HOLDINGS LIMITED
More recommendations
Financials
Sales 2020 -68,7 M -10,8 M -10,8 M
Net income 2020 786 M 124 M 124 M
Net Debt 2020 720 M 113 M 113 M
P/E ratio 2020 -6,44x
Yield 2020 -
Capitalization 718 M 113 M 113 M
EV / Sales 2019 21,9x
EV / Sales 2020 -66,8x
Nbr of Employees 1 166
Free-Float 25,0%
Chart SUNCITY GROUP HOLDINGS LIMITED
Duration : Period :
Suncity Group Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SUNCITY GROUP HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Managers and Directors
King Yan Chiu Chief Financial Officer & Secretary
Cheok Wa Chau Chairman
Kam Fun Wu Independent Non-Executive Director
Kin Chuen Tou Independent Non-Executive Director
Wai Tung Lo Independent Non-Executive Director