Stock plunged to HK$0.13 yesterday; further announcement from board of directors expected soon. Salaries halted for one-third of company’s staff.
News
Decision follows disastrous day on Hong Kong Stock Exchange; analysts forecast thousands of job losses in Macao.
Construction has stretched over nearly 12 years, with delays blamed on poor soil and materials, typhoons and Covid-19.
Macao’s gaming operators also take a hit for the second day, suffering losses of up to 6.5% following Suncity CEO Alvin Chau’s arrest at the weekend.
Police astounded at residents’ gullibility, security secretary says, who puts the blame on loneliness and avarice.
Headquartered in Guangzhou, the international commercial bank will focus on cutting-edge technology, green finance and cross-border finance.
Since 2015, more than 5,000 students have started learning Chinese at the African island republic’s Confucius Institute.
South American republic keen to attract visitors from China but hampered by long distances and poor air connections.
Board of directors distance company from allegations of corrupt practice, request Stock Exchange to resume trading in its shares.