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Author Topic: Casino Developer Landing Intl Sinks 45% on HK Exchange After Chairman Detained  (Read 110 times)
Jating (OP)
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August 28, 2018, 06:46:24 PM
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https://www.mingtiandi.com/real-estate/finance-real-estate/landing-intl-chairman-yang-zhihui-detained-in-cambodia/

Quote
Landing International Development, a Hong Kong-listed casino builder, reported to the Hong Kong Stock Exchange on Thursday that the company is unable to contact its 47-year-old chairman Yang Zhihui, who controls 50.48 percent of the company.

Interesting news that a landbased casino magnate went missing and then reported to be detained in Cambodia. Causing the company's stock to plummet after the news.

What a turn of events, just last month alone, he is making headlines because of the proposed plan to expound his business in the Philippines but it was shot down by the Rodrigo Administration, and we all know that the Philippine President has a hard line stance against gambling in his country.

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