Shares of Asian casino promoter Landing International Development Inc. resumed public trading Friday morning (March 20) after a brief pause after 9 a.m. on Thursday.

The group said in a filing late Thursday evening that the reason for the pause was that it learned on Wednesday that management claims of some other (personally owned) shares related to the wholly owned entity of Landing International Development had been "released" and those shares had been disclosed.

The filing added that Yang Jihui, chairman of the group, a mainland businessman, had "confirmed" that there was "no change in ownership" of the company, the final owner of Landing International Development.

Landing International Development created a resort on Jeju Island in Korea with a foreigner-only casino called Jeju Shinhwa World. The facility's gaming space, Landing Casino, opened in February 2018.

A filing late Thursday evening added that "no real offer has been delivered to the board" about the attempt to acquire the business. The board therefore added that it had "no reason to believe" that such an offer could be "immediate".

"For the purposes of the transition code, the proposed period relating to the Company has closed on this announcement date," the document added, referring to the Hong Kong Exchange rules

An earlier filing on Thursday evening said the audit of the group's financial results for the year to Dec. 31 was "delayed by the outbreak of the coronavirus disease." The group is now scheduled to release its unaudited annual results for 2019 on March 31.

Landing International Development earlier this month said it expected its net loss for all of 2019 to rise more than 160% year-over-year. One of the reasons for the expected loss was lower gaming revenue, the company said.

In November last year, Yang said he would "take all necessary and appropriate steps to protect his interests" after Landing International Development disclosed that it had acquired more than half of its final owner, an overseas company.