International Entertainment Corp Chairman Stanley Choi Chiu Fai has sold off a further stake in the company – the third time since March he has disposed of a substantial interest.
According to details filed with the Hong Kong Stock Exchange on Monday, Brighten Path Limited, which is wholly-owned by Choi, has disposed of another 66 million shares at an average consideration of HK$0.40 per share, representing an aggregate of HK$26.4 million (US$3.9 million).
Choi, who acquired International Entertainment Corp in 2017, had previously held 55.82% of the company but sold off an 18.99% share to IEC’s Chief Executive Officer, Ho Wong Meng, in March for HK$228.8 million (US$29.4 million).
Earlier this month he sold off another 63 million shares for HK$24.6 million (US$3.2 million), reducing his interest to 32.23% before this latest transaction took his stake below 30%.
The transaction reduces his stake from 32.23% to 27.41% of issued share capital.
Trusted Online Casino Malaysia 2021
Unlike most other casino gaming review sites online which target Western markets, GamingSafe.net is the very first site to specifically target Online Casinos Malaysia, Thailand, and Indonesia, giving us a better view of the online gaming landscape in this region.
We review Online Casino Malaysia & Sportsbook Sites. With this list, you can focus on winning the game instead of worrying whether the websites are genuine or not! We review the site, you enjoy the game! View our Top 10 Trusted Online Casino Malaysia.