Sands China jumps most in 15 months as key shareholder eyes to up stake

Sands China

10/09/2024 06:43

** Sands China  1928.HK  jumps 5.5% to HK$14.16, on track
for the biggest one-day pct rise since June 2023
    ** Co says its controlling shareholder Las Vegas Sands Corp
 LVS.N  intends to further increase its shareholding in the
company for up to HK$800 mln ($102.6 mln)
    ** Shares of other Macau gaming rivals Melco International
 0200.HK , SJM  0880.HK , Galaxy  0027.HK , MGM China  2282.HK 
and Wynn Macau  1128.HK  also rise
    ** Melco gains the most (2.1%), while Wynn Macau adds 0.4%
    ** Sand China on track to snap three consecutive sessions of
fall
    ** Stock down 41.3% YTD
($1 = 7.7960 Hong Kong dollars)

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