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NagaCorp CEO further increases stake in company

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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