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HomeNewsMacauSuncity Chairman Alvin Chau sells stake in Sun International for about $9 million

Suncity Chairman Alvin Chau sells stake in Sun International for about $9 million

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Suncity Group Chairman and Executive Director Alvin Chau has sold his entire stake in financial services firm Sun International for just over $9 million.

First Cheer, a company jointly held by Chau and Sun Chairman Cheng Ting Kong, sold its 62.82 percent share in the company for a total of HK$143.5 million ($18.5 million).

Chau and Cheng each hold 50 percent of First Cheer.

The buyer, Fresh Success Investments, will be required to make a mandatory takeover offer for the remaining outstanding shares in Sun International at HK$0.10 a share.

Sharon Singleton
Sharon Singletonhttps://agbrief.com/about-asia-gaming-brief/
Sharon Singleton is a multi-media reporter with experience ranging from website management to reporting and editing for newspapers, news agencies and television. As Managing Editor she's been working with Asia Gaming Brief since 2013 and her specialties are: Business, current affairs, fluent in Italian, French, with working knowledge of Spanish.

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