Naga CEO pays HK$39.6m to boost stake in company

NagaCorp said its CEO and Executive Director Tan Sri Chen Lip Keong has boosted his stake in the operator of Cambodia’s largest casino.

On June 19th, he made on-market purchases on The Stock Exchange of Hong Kong Limited of an aggregate of 5.4 million shares at an average price of approximately HK$7.3342 per share for a total consideration of approximately HK$39.6 million.

He now owns 65.84 percent of the issued share capital of the company.