Landing International, which currently operates a casino resort complex on South Korea's Jeju Island, said in a filing to the Hong Kong Stock Exchange late on Monday that Yang had resumed his duties as the company's chairman and executive director after being unable to reach him for more than three months.
Shares of the company closed at HK$3.40 ($0.434) in the afternoon session after jumping as much as 45% on Tuesday morning. The stock was trading at HK$3.14 each on Wednesday morning, down 7.6% on the day.
At its current share price, the company has a market capitalization of about HK$9.2 billion. The company's value is still down 45.8% since it announced on Aug. 23 that it could not be reached by Yang.
At the time of his disappearance, industry sources told the GGRA that Yang was last reportedly seen in Cambodia in late August. Shortly after that, a person who looked like Yang was seen being escorted in handcuffs on the tarmac at the airport.
Landing International said in a filing on Monday that Yang had explained to the board that he had "applied to the relevant departments of the People's Republic of China to investigate during his absence."
"The Board would like to inform shareholders and investors that the Group's business and operations have been stable and normal at this time and during that time, while Yang is away temporarily," the company added.
BY: 바카라사이트 추천
