Las Vegas Sands Corp. (LVS) has raised its stake in Sands China from about 74.8 percent to 75.01 percent after buying 1.62 million shares, extending a multiyear increase in its ownership.
The open-market purchase was made on September 1st by Venetian Venture Development Intermediate II, Sands China’s immediate controlling shareholder and an indirect wholly owned subsidiary of LVS, according to a Hong Kong Stock Exchange filing issued after trading hours.
Based on Sands China’s September 1st closing price of HK$13.78, the shares had an estimated market value of HK$22.4 million ($2.85 million), although the filing did not disclose the actual purchase price.
The transaction reduced Sands China’s public float to 24.99 percent, just below the standard 25 percent minimum. The company has therefore switched to an alternative threshold requiring at least 10 percent public ownership and a public-float value of at least HK$1 billion ($127.4 million).
Sands China remains well above those requirements, with its public float valued at HK$30.64 billion ($3.90 billion).
LVS held 69.9 percent of Sands China at the end of 2023, rising to 72.13 percent in 2024 and 74.80 percent in 2025. Sands China said the alternative threshold would provide greater flexibility for future capital-management transactions.
