On September 10, Guolunhui reported that Sands China Ltd. (01928.HK) announced, hereby refers to the announcement dated December 5, 2023 of the company, mentioning Las Vegas Sands Corp. ("LVS", the controlling shareholder of the company, as of the announcement date, beneficially owns approximately 71% of the company's issued share capital) had previously increased its shareholding in the company. Following this previous announcement, the company was informed by LVS that they intend to further increase their shareholding in the company and have prompted Venetian Venture Development Intermediate II ("VVDI (II)", the company's direct controlling shareholder and an indirect wholly-owned subsidiary of LVS) to enter into a share purchase trade with a financial institution on September 9, 2024 (Las Vegas time), whereby VVDI (II) will pay up to HK$0.8 billion to purchase company shares.
For illustrative purposes, based on the closing price reported on September 9, 2024, at HK$13.42 per share on the Hong Kong Stock Exchange, the financing amount is equivalent to approximately the total price of 59,612,518 shares, equivalent to approximately 0.74% of the total issued shares.
