LET Group Appoints New Directors Amidst Trading Suspension Lift

Appointing three new independent non-executive directors at the same time that its Hong Kong trading restriction is lifted is a significant step forward for LET Group Holdings Limited.

The recently appointed directors, Johnson Fu Chi King, John Lo Wai Tung, and Tou Kin Chuen, have a great deal of accounting and auditing knowledge.

The leader of the Audit Committee will be Tou Kin Chuen, who has 24 years of experience in finance, taxation, and audit.

At LET Group, formerly known as Suncity Group, this action is a part of a bigger reorganization plan that aims to improve strategic leadership and governance standards.

These changes, in the opinion of CEO Lo Kai Bo, set the organization up for long-term success and expansion.

The trading ban, which started on February 14th, will be in place, nevertheless, until LET Group takes care of the underlying issues that gave rise to it and meets completely with the listing requirements of the Hong Kong Stock Exchange.

Following an unsuccessful attempt to sell the corporation holding Tigre de Cristal’s gaming license, which involved both LET Group and its subsidiary, Summit Ascent, the suspension was brought on by noncompliance with exchange rules.

Original Story by: Asian Gaming Brief