PETALING JAYA: A day after acquiring a total of 7.7% stake in Echo Entertainment Group Ltd, Genting Bhd has again increased its shares in the Australian casino operator directly to 9.7%.
Reuters reported that “(Genting) bought 2% of Echo, or 13.8 million shares worth around A$60mil (RM192mil), in a single trade yesterday morning with Malaysian broker CIMB facilitating the deal, according to one of the sources and brokers in Sydney.”
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