LET GROUP (01383.HK) appoints Fu Zhijing as an independent non-executive director
Gelonghui, May 2, 丨 LET GROUP (01383.HK) announced that from May 2, 2024: (1) Mr. Du Jiancun has been appointed as an independent non-executive director, member and chairman of the Company Audit Committee, and a member of the Company's Remuneration Committee, the Company Nomination Committee and the Company Risk Management Committee; (2) Mr. Lu Weidong has been appointed as an independent non-executive director, member of the Remuneration Committee and Chairman of the Audit Committee, Nomination Committee and Risk Management Committee; and (3) Mr. Fu Zhijing has been appointed as an independent non-executive director, member of the Company's Audit Committee and the Company's Risk Management Committee; and (3) Mr. Fu Zhijing has been appointed as an independent non-executive director, member of the Company's Audit Committee and the Company's Risk Management Committee Nomination Committee Member and Chairman
LET GROUP (01383.HK): On Friday, it has already paid off its outstanding interest-free shareholder loans
Gelonghui, April 18 | LET GROUP (01383.HK) announced that on April 18, 2024, Star, which has repaid its outstanding payments on Friday, will leave the remaining outstanding interest-free shareholder loans, totaling approximately US$31.2 million. After further repayment and as of the date of this announcement, there were no outstanding shareholder loans due to Star General on Friday. According to Hong Kong accounting standards, the Group is expected to record profit attributable to a joint venture, which means that losses due to further repayment have been made to confirm that the joint venture company should be accounted for in previous years, but are subject to review. The company is studying the feasibility of dissolving the 50% shareholding joint venture Friday of the Group, while the Group and
LET GROUP (01383.HK) expects the main hotel casino in the Philippines to start operations and continue to be suspended in the first quarter of 2025
Gelonghui, April 10 | LET GROUP (01383.HK) announced that the Group is mainly engaged in (a) developing and operating a five-star hotel and casino in the Philippines; (b) operating the hotel and gaming business (“Crystal Tiger Palace”) in the Primorsky Krai Comprehensive Entertainment Zone in the Russian Federation (“Russia”); and (c) engaged in property development in Niseko and Miyako Island, Japan. The Group's daily business has remained stable. The construction and development of the main hotel and casino in the Philippines is underway and is on track. It is expected to commence operation in the first quarter of 2025. Crystal Tiger Palace's hotel and gaming industry in Russia
LET GROUP: (1) QUARTERLY UPDATE ON BUSINESS OPERATIONS AND RESUMPTION STATUS; AND (2) CONTINUED SUSPENSION OF TRADING
LET GROUP (01383.HK) receives guidance from the Stock Exchange to resume trading and continues to suspend trading
LET GROUP (01383.HK) issued an announcement. On April 5, 2024, the company received a letter from the Stock Exchange, which set out the following companies' resumption guidelines: Proving that there were no reasonable regulatory concerns relating to the integrity or character of the Group's management and/or the integrity or character of any person having a significant influence on the company's management and operations, thereby exposing investors to risk and harming market confidence; publishing all unannounced financial results and handling any audit revisions; certifying that it has complied with section 13.24 of the listing rules; re-complying with sections 3.10 and 3.10A , 3.21, 3.25
LET Group Unit Shrinks Loss in 2023
Suntrust Resort Holdings, a unit of LET Group Holdings (HKG:1383), recorded a decline in net loss for the year ended Dec. 31, 2023, to 348.1 million peso from 557.1 million peso in 2022, a Tuesday fil
LET GROUP: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 BY AN OVERSEAS LISTED SUBSIDIARY - SUNTRUST RESORT HOLDINGS, INC.
LET GROUP: PROFIT WARNING
LET GROUP: (1) DELAY IN THE PUBLICATION OF THE 2023 ANNUAL RESULTS ANNOUNCEMENT AND DESPATCH OF THE 2023 ANNUAL REPORT; AND (2) CONTINUED SUSPENSION OF TRADING
LET GROUP (01383.HK) and Kaisheng Holdings (00102.HK): Dongjun terminates sale of G1 Entertainment
Gelonghui, Feb. 22丨LET GROUP (01383.HK) and Kaisheng Holdings (00102.HK) announced that on January 15, 2024, Dong Jun (as seller) and Aktiv (as buyer) entered into an agreement for the sale and purchase of sales shares (i.e. sale share 1 and sale share 2) (equivalent to the total issued share capital of G1 Entertainment). The purchase price of the sale shares was US$116 million. According to Chapter 14 of the listing rules, since the applicable percentage of the sale was over 75% Composition (including) LET
Market Chatter: Hong Kong Regulators Warn of Delisting LET Group, Summit Ascent Over $116 Million Russia Transaction
Hong Kong's Securities and Futures Commission said it may delist hotel operators LET Group Holdings (HKG:1383) and Summit Ascent Holdings (HKG:0102) over concerns both companies sold $116 million of a
LET GROUP (01383) was ordered by the Hong Kong Securities Regulatory Commission to suspend stock trading
LET GROUP (01383) issued an announcement. The Securities and Futures Commission has decided on the basis of securities and futures...
LET GROUP (01383): Dongjun plans to sell G1 Entertainment for US$116 million
LET GROUP (01383) issued an announcement regarding Dongjun Co., Ltd., an indirect non-wholly-owned subsidiary of the company...
LETGROUP (01383.HK): Du Jiancun Resigns as Independent Non-Executive Director
Gelonghui January 15 | LETGROUP (01383.HK) announced that from January 15, 2024: (i) Du Jiancun has resigned as an independent non-executive director; (ii) Hu Jinxun has resigned as an independent non-executive director; (iii) Lu Weidong has resigned as an independent non-executive director.
LET GROUP (01383) will temporarily suspend trading from 1/11
According to the Zhitong Finance App, LET GROUP (01383) announced that trading of the company's shares will be temporarily suspended from 9:00 a.m. on January 11, 2024.
LET GROUP: ANNOUNCEMENT OF UNAUDITED QUARTERLY RESULTS FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2023 BY AN OVERSEAS LISTED SUBSIDIARY - SUNTRUST RESORT HOLDINGS, INC.
LET Group Arm Terminates Sale of Japanese Property
Resort developer LET Group Holdings (HKG:1383) said indirect wholly-owned subsidiary Honour City Kabushiki Kaisha will terminate a $27.6 million deal to sell property in Hokkaido, Japan, because it di
LET GROUP (01383.HK): Termination of sale of properties
On November 1, Gelonghui | LET GROUP (01383.HK) issued an announcement concerning the sale of a property located in Yamada, Kutchan-cho, Abuta-gun, Hokkaido, Japan, with a total land area of 22,200 square meters and a purchase price of US$27.6 million (equivalent to about HK$216.7 million). The buyer failed to pay the purchase price balance of US$22.6 million (equivalent to HK$177.4 million) by October 31, 2023. Buyer's failure to purchase and acquire the property before October 31, 2023 constitutes a sale and purchase agreement (as amended and supplemented by the Revised Agreement and the Second Amendment Agreement)
LET Group Unit Sells Former Investment Holding Wing
LET Group Holdings (HKG:1383) unit Faith Best Asia sold 100% equity interest in Faith Best Asia (HK) to Great Promise Developments for around HK$20 million. The resort developer will use proceeds from
LET GROUP (01383.HK) plans to sell 100% of its shares in Xinbo Yazhou (Hong Kong) for HK$1995,000
Gelonghui, October 26, 丨 LET GROUP (01383.HK) announced that on October 26, 2023, the seller (the company's indirect wholly-owned subsidiary, as the seller) and the buyer Mino Development Co., Ltd. entered into a sales agreement with the company. According to this, the seller has agreed to sell and the buyer has conditionally agreed to acquire 100% of the shares of the target company Sino Asia (Hong Kong) Co., Ltd. at a cost of HK$19.95 million. The target company is a limited company incorporated in Hong Kong and is an indirect wholly-owned subsidiary of the company. As of the date of this announcement, the target company had no business operations and ceased operations
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