Sands China (HK:1928) has released an update.
Sands China Ltd. announced that Las Vegas Sands Corp., its controlling shareholder which currently owns about 71% of the company, plans to further increase its stake. The intended share purchase transaction, involving up to HK$800 million, would amount to approximately 0.74% of the company’s total issued shares based on the last quoted share price. The company assures that sufficient public float of the shares will be maintained post-transaction.
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