Junket CEO increases stake in Macau Legend

Chan Weng Lin of Tak Chun Group has taken his interest in the company to 33.19 per cent.

Macau.- Chan Weng Lin, chief executive officer of the Macau junket Tak Chun Group, has further increased its participation in Macau Legend.

Chan had already become the majority stakeholder in September when he increased his stake to 20.65 per cent stake for HKD1.34bn (US$173.4m)

The operation was conducted through an entity controlled by Chan and listed in the British Virgin Islands under the name Perfect Achiever Group.

The same entity has now raised its interest in Macau Legend to 33.19 per cent of the issued shares. The latest acquisition was of 771,247,828 shares for about HK$809.8m (US$104.5m).