Chan Weng Lin of Tak Chun Group has taken his interest in the company to 33.19 per cent.<\/p>\n\n\n\n\n\n\n\n
Macau.- Chan Weng Lin, chief executive officer of the Macau junket Tak Chun Group, has further increased its participation in Macau Legend. <\/p>\n\n\n\n
Chan had already become the majority stakeholder<\/a><\/em><\/strong> in September when he increased his stake to 20.65 per cent<\/a><\/em><\/strong> stake for HKD1.34bn (US$173.4m)<\/p>\n\n\n\n The operation was conducted through an entity controlled by Chan and listed in the British Virgin Islands under the name Perfect Achiever Group.<\/p>\n\n\n\n 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).<\/p>\n","protected":false},"excerpt":{"rendered":" Chan Weng Lin of Tak Chun Group has taken his interest in the company to 33.19 per cent.<\/p>\n","protected":false},"author":2,"featured_media":12083,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Chan Weng Lin, CEO of Tak Chun Group, has significantly increased his stake in Macau Legend Development Ltd. to 33.19% via his British Virgin Islands-listed entity, Perfect Achiever Group. This latest acquisition, valued at approximately HK$809.8m (US$104.5m), follows an earlier stake increase in September, solidifying his position as a major shareholder in the Macau-based gaming operator.","focusai_entities":"Chan Weng Lin, Tak Chun Group, Macau Legend, Perfect Achiever Group","focusai_location":"Macau, British Virgin Islands","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.9), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Macau Legend?","query":"What are the anticipated strategic and operational shifts for Macau Legend Development Ltd. following Chan Weng Lin's increased stake, particularly concerning its gaming verticals and capital allocation?"},{"label":"Regulatory implications?","query":"What specific regulatory approvals or disclosures are required from Macau's gaming regulator (DICJ) regarding this significant change in beneficial ownership, especially given the involvement of a junket group principal and a BVI-listed entity?"}],"footnotes":""},"categories":[157,16338],"tags":[257,22593],"class_list":["post-12081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","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\/12081","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=12081"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12081\/revisions"}],"predecessor-version":[{"id":12085,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12081\/revisions\/12085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12083"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}