NagaCorp CEO Tan Sri Dr. Chen Lip Keong has increased his stake in his casino company, buying an aggregate of six million additional shares on Wednesday.
According to a filing from Nagacorp on Friday, Dr. Chen bought two million shares for a total consideration of HK$14.2 million (US$1.8 million) on Wednesday, and then four million shares for a total consideration of HK$29.6 million.
As of now, Dr. Chen now has an aggregate 2.9 billion shares in the company, representing approximately 65.98 percent of the issued share capital of the company.
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