Rank Group’s majority shareholder Hong Leong Company (Malaysia) Berhad has reduced its stake in the UK-listed operator by selling approximately 50m of its shares, raising gross proceeds of £92.5m.
GuoLine Overseas Limited, a subsidiary of Hong Leong, sold 50m ordinary shares in Rank to institutional investors. This represents approximately 12.8 per cent of the operator’s entire issued share capital.
The shares were sold at a placing price of 185 pence per share, raising gross proceeds of approximately [...]
