Sands China jumps as controlling shareholder intends to up stake

Sands China

06/12/2023 08:20

** Shares of Sands China  1928.HK  jump 5.9% to HK$21.40,
their highest since Nov. 22, eyes fourth straight session of
gains
    ** Stock is the fifth biggest pct gainer in Hang Seng
Commerce & Industry Index  .HSNC  
    ** Casino operator says its controlling shareholder, Las
Vegas Sands  LVS.N , intends to increase its stake
    ** Hang Seng Commerce & Industry Index  .HSNC  rises 1.1%,
Hang Seng Index  .HSI  adds 0.9%
    ** Stock down 18.9% YTD 

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))