KUALA LUMPUR: Robert Kuok, Malaysia's richest man according to Forbes, has increased his equity stake in locally listed Shangri-La Hotels (Malaysia) Bhd, according to stock exchange filings late on Monday.
The luxury hotels chain said Kuok Brothers Sdn Bhd, a family investment vehicle of Kuok, bought a 22.2 percent stake or 98 million shares in Shangri-La from Standard Chartered Private Equity Ltd on March 20.
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