Landing International Development Limited has revealed it is currently searching for one of its employees after discovering around US$13.4 million in cash belonging to the group in Jeju, South Korea has gone missing.
According to a Hong Kong Stock Exchange announcement, Landing discovered the KRW14.56 billion in funds was missing on Monday 4 January 2021 but said management has so far been unable to reach the employee in charge of the funds.
“The Company has immediately reported the incident to the police in South Korea and they are currently investigating the incident,” it said.
Landing, which owns and operates expansive casino resort Jeju Shinhwa World, recently reported a loss attributable to owners of the parent of HK$792.2 million (US$102.2 million) for the six months to 30 June 2020 on a 25% decline in consolidated revenue to HK$262.1 million (US$33.8 million).
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