Hong Kong-listed casino investor Landing International Development Ltd., which runs the Jeju Shinhwa World resort in South Korea, says it has “no business relationship” with HK Shenhua World Blockchain Tech Development Ltd., which deals in cryptocurrencies.
In a July 11 filing to the Hong Kong Stock Exchange, Landing said it recently became aware that HK Shenhua had, “unbeknown to the group and without the group’s consent and approval, uploaded and included in its website … certain photos and documents of the group as well as a number of false allegations and references concerning the group in purported support of its business concerning the issue of cryptocurrency or digital token.”
In the filing, Landing said it had signed two separate memorandums of understanding with HK Shenhua so that the parties might “enter into negotiations for certain possible collaborations on property development” but made “no binding arrangement or agreement” with HK Shenhua “or any of its affiliated companies.”
The company said its board “viewed these unauthorized acts seriously and will not allow them to pass unchallenged and uncontradicted.” It further added that it does not “recognize, accept nor endorse any cryptocurrency or digital token issued or to be issued by the entity,” including the so-called ”Shinhwa Coin/Token” and wallet displayed on the blockchain company’s website.
