HONG KONG, June 19, 2020 /PRNewswire/ — Suncity Group Holdings Limited (“Suncity” or the “Company“, Hong Kong Stock Exchange code: 1383) would like to announce that Suntrust Home Developers, Inc. (“SunTrust“, Philippines Stock Exchange code: SUN), a 51% owned subsidiary of the Company, was approved by the Securities and Exchange Commission of the Philippines (“SEC“) to amend its primary and secondary purposes to allow SunTrust to focus on tourism-related businesses, denoting that through the participation in the Westside City Project, SunTrust is now a tourism and integrated resort operator listed on the Philippines Stock Exchange (“PSE“).

Artist’s impression of the facade of the Westside City Project

The Philippines has shown tremendous growth in gross gaming revenue in the past decade. Westside City Project is located in the heart of…

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