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Success Universe Chairman boosts company stake by 19.42%

by Newsdesk

Thu 31 May 2018 at 05:52

Success Universe Chairman boosts company stake by 19.42%

The Chairman and majority shareholder of Macau casino operator Success Universe, Sonny Yeung, has increased his stake in the company from 52.10% to more than 70% after acquiring the entire shareholding of Japanese pachinko giant Maruhan Co Ltd.

Success Universe owns and operates Macau peninsula integrated resort Ponte 16.

In a filing to the Hong Kong Stock Exchange, Success Universe revealed that Yeung has acquired 956,633,525 shares, equal to 19.42% in the entire issued share capital in the company, from Maruhan for HK$210.5 million (US$26.8 million), equivalent to HK$0.22 per share. The shares were acquired via Yeung’s wholly-owned company Silver Rich Macau Development Ltd.

As a result, his stake in the company rises from 52.10% to 71.52%, comprising a total of 3,523,190,987 shares. Maruhan no longer holds any shares in Success Universe.

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Tags: Hong Kong Stock Exchange Macau Maruhan Ponte 16 shareholder shareholding Silver Rich Macau Development Sonny Yeung Success Universe

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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