HONG KONG, June 19, 2020 /PRNewswire/ — Suncity Group Holdings Restricted (“Suncity” or the “Firm“, Hong Kong Inventory Trade code: 1383) wish to announce that Suntrust Dwelling Builders, Inc. (“SunTrust“, Philippines Inventory Trade code: SUN), a 51% owned subsidiary of the Firm, was accredited by the Securities and Trade Fee of the Philippines (“SEC“) to amend its major and secondary functions to permit SunTrust to deal with tourism-related companies, denoting that by means of the participation within the Westside Metropolis Undertaking, SunTrust is now a tourism and built-in resort operator listed on the Philippines Inventory Trade (“PSE“).
The Philippines has proven large progress in gross gaming income previously decade. Westside Metropolis Undertaking is positioned within the coronary heart of Leisure Metropolis, the place nearly all of land-based gaming income is derived from. Right here in Suncity, the corporate understands the Filipino gaming market nicely. Suncity is working to construct and develop a very built-in resort that fits the prospects’ tastes. The approval by the SEC formally recognises SunTrust to be a tourism-related enterprise firm, a milestone for SunTrust to grow to be a listed tourism and built-in resort operator by means of participating within the Westside Metropolis Undertaking.
The primary on line casino lodge of the Westside Metropolis Undertaking could have a complete gross flooring space of no less than 182,000 sqm, and is anticipated to be in operations in This fall 2022. It would consist of roughly 400 gaming tables, roughly 1,200 slot machines, 400 five-star lodge rooms, 960 automobile park areas, pool membership & leisure membership and so on. The ultimate product shall be built-in with the purchasing malls, theatres, eating places, and purchasing streets, and so on. to be constructed by Westside Metropolis Resorts World Inc., which additionally consists of 2,000 further lodge rooms, a shopping center, a Grand Opera Home, eating places and theatre district, and a further of roughly 2,000 automobile park areas.
Mr Chau Cheok Wa, Chairman of Suncity, stated, “Suncity is laying down a stable progress blueprint. I’m very excited to see the Firm attaining one milestone after one other. Firstly, in Vietnam, HOIANA is able to be unveiled to the general public as early as summer season 2020; then, in Russia, Tigre de Cristal’s Part 1 improve shall be up-and-running later in 2020; and now, SunTrust is lastly a listed tourism and built-in resort firm in the Philippines – very thrilling occasions forward for Suncity certainly.”
About Suncity Group Holdings Restricted (HKEx inventory code: 1383)
Suncity Group Holdings Restricted (“Suncity” or the “Group”) is en-route to grow to be a number one built-in resort operator in Asia. Originated from Macau, Suncity develops, operates and manages built-in resorts throughout Asia, together with Vietnam, the Philippines, Russia, Japan and South Korea and so on.
HOIANA is the primary flagship built-in resort that Suncity collectively develop with our funding companions. Positioned in Central Vietnam, HOIANA is barely 35 minutes away from the Danang Worldwide Airport and is positioned close to to high vacationer sights in Danang and Hoi An. HOIANA is a world-class built-in resort with branded motels, state-of-the-art gaming flooring, a number of F&B eating places, award-winning golf course and lengthy pristine seashores.
Suncity is the one largest shareholder of Summit Ascent Holdings Restricted (HKEx: 102), and participates within the growth of future phases of Tigre de Cristal Resort in Vladivostok, Russia. Suncity can also be the controlling shareholder of Suntrust Dwelling Builders, Inc. (PSE: SUN), who’s going to co-develop Westside Metropolis undertaking within the coronary heart of Leisure Metropolis in Manila, the Philippines. The Group additionally provides consultancy companies to giant scale built-in resorts in Asia. As well as, the Group operates within the journey associated product and companies phase and the property phase.
Adhering to the spirit of “Innovating With Variety, Striving For Success”, Suncity Group spared no effort to develop leisure and built-in resort merchandise. Originated from Macau, Suncity Group actively explores built-in resort alternatives around the globe.
For extra details about the Group, please go to http://www.suncitygroup.com.hk/?lang=en
For Media & Investor Enquiries:
Suncity Group Holdings Restricted – Investor Relations
Ms Winnie Lei
Tel: +852 2598 1180
E mail: [email protected]