News Snapshot:
0 Following a Chinese government announcement on a planned crackdown on cryptocurrency mining operations, Sun International Group Limited has decided to suspend its planned operations in this area. The company – which is held by Suncity Group Executive Director, Alvin Chau Cheok Wa – is focused on securities trading, margin financing, futures and options brokerage. According to several company dispatches published in March and April, the company had agreed to provide HK$100 million (US$12.8 million) worth in shares to purchase cryptocurrency mining equipment from two companies registered in the Cayman Islands. One of the companies is mainly engaged in the...
