Login/Register
NetEnt
NetEnt
Quickspin
BigTimeGaming

Majority shareholder Hong Leong reduces stake in Rank Group

18th February 2015 7:50 am GMT

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 [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Evolution Gaming
Pragmatic Play
Skywind Group
Greentube
Playtech
BigTimeGaming