the sale of shares to Chan Weng Lin<\/a><\/em><\/strong>.<\/p>\n\n\n\nLevo Chan Weng Lin, the chief executive of local junket group Tak Chun, is now the largest stakeholder aftrer his purchase of a 20.65 per cent for HK$1.34 billion (US$173.4 million).<\/p>\n\n\n\n
Before the deal, David Chow and Melinda Chan held 29.89 per cent of Macau Legend, making them the largest stakeholders in the group. Now, their stake has been reduced to 9.89 per cent.<\/p>\n\n\n\n
Li Chi Keung, the chairman of junket group Golden Glove, holds 18.03 per cent, and Ina Chan Un Chan, the third wife of Stanley Ho, holds a 16.28 per cent share.<\/p>\n\n\n\n
Macau Legend resumed trading on the Hong Kong stock exchange today. <\/p>\n","protected":false},"excerpt":{"rendered":"
The founder and his wife were the largest shareholders in the company but sold a large part of their stake.<\/p>\n","protected":false},"author":2,"featured_media":10083,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau Legend Development's founder, David Chow Kam Fai, and CEO, Melinda Chan Mei Yi, have significantly reduced their stake in the company. Levo Chan Weng Lin, CEO of junket group Tak Chun, is now the largest shareholder after acquiring 20.65% for HK$1.34 billion, with the company resuming trading on the Hong Kong stock exchange.","focusai_entities":"David Chow Kam Fai, Melinda Chan Mei Yi, Macau Legend Development, Chan Weng Lin, Levo Chan Weng Lin, Tak Chun, Li Chi Keung, Golden Glove, Ina Chan Un Chan, Stanley Ho","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.8), operator_casino (0.9), payments_fraud_aml (0.75), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Strategic Direction Impact?","query":"What are the implications for Macau Legend Development's strategic direction and operational focus under the new primary shareholder, particularly concerning its gaming verticals and B2B\/B2C licensing strategy?"},{"label":"Regulatory Compliance Review?","query":"How will this ownership change impact regulatory scrutiny and compliance frameworks for Macau Legend Development, especially concerning the involvement of a prominent junket group CEO and potential suitability assessments?"}],"footnotes":""},"categories":[160,157,16338],"tags":[257,22593],"class_list":["post-10081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-news","category-east-asia-news","tag-macau","tag-macau-legend"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10081"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10081\/revisions"}],"predecessor-version":[{"id":10091,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10081\/revisions\/10091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10083"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}