30.9 C
Macao
Tuesday, July 15, 2025
HomeNewsPhilippinesInternational Entertainment chairman offloads more stock, representing 20% of total

International Entertainment chairman offloads more stock, representing 20% of total

Hong Kong-listed International Entertainment said a company owned by its Chairman, Dr Choi Chiu Fai Stanley, has said it intends to offload about 20 percent of the company’s stock.

The announcement follows announcements by Choi’s Brighten Path last month saying it had sold off 129 million shares, which was about 9.42 percent of the company’s total outstanding share capital, leaving it with about 27.4 percent of the company.

Brighten Path now plans to dispose of a further 273.8 million shares.

International Entertainment is planning to develop an integrated resort in Manila. In September, it said an accord with the Philippine Amusement and Gaming Corp. (PAGCOR) to jointly run a casino in Manila is now in effect.

The company said it had been informed by its Marina Square Properties Inc. (MSPI) unit that it has received the signed cooperation agreement, which will be in place for a period of 15 years, from April 2016 to March 2031.

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

MORE NEWS

FOLLOW AGB

daily newsletter
Asia Gaming News | AGB - Asia Gaming Brief
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.