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Las Vegas Sands Increases Stake in SANDS CHINA LTD to 74.8%, Approaching Holding Limit
2025-10-24 09:45:10 On 10 October, Las Vegas Sands (LVS.US) increased its shareholding in SANDS CHINA LTD (01928.HK) to 74.76%, approaching the 75% upper limit under Hong Kong's public float listing rules, according to shareholding disclosures. During the earnings press conference held yesterday (24th), when asked about capital allocation, the Group's President and COO, Patrick Dumont, said that the Company allocates capital with growth in mind, and invests for high returns. Over time, the Group did buy back shares of SANDS CHINA LTD, while the current shareholding ratio is approx. 74.76%, basically getting close to the 75% limit. Therefore, the Group is kind of where it is at with SANDS CHINA LTD. ~ AASTOCKS Financial News Website: www.aastocks.com | |