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<Research>CLSA: SANDS CHINA LTD (01928.HK) Controlling Shareholder Intends to Raise Stake, Potentially Lifting Stake to 71.7%
Recommend 9 Positive 21 Negative 6 |
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SANDS CHINA LTD (01928.HK)'s controlling shareholder, Las Vegas Sands (LVS.US), intends to spend up to US$103 million to increase its stake in SANDS CHINA LTD, potentially raising its holding by up to 0.74 ppts to 71.7% at Monday's (9th) closing price, CLSA released a research report saying. Together with the previous round of stake acquisition completed by Las Vegas Sands in 1Q24, Las Vegas Sands planned to spend US$353 million to raise its stake in SANDS CHINA LTD. Therefore, the broker rated SANDS CHINA LTD at Outperform, with a target price of $19.8. AAStocks Financial News |
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