{"id":777018959,"date":"2024-09-11T09:27:50","date_gmt":"2024-09-11T12:27:50","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018959"},"modified":"2026-04-22T06:14:56","modified_gmt":"2026-04-22T09:14:56","slug":"las-vegas-sands-increases-shareholding-in-sands-china","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/las-vegas-sands-increases-shareholding-in-sands-china","title":{"rendered":"Las Vegas Sands increases shareholding in Sands China"},"content":{"rendered":"\n<p>Las Vegas Sands will pay up to HK$800m (US$103m) for 59,612,518 shares.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0Las Vegas Sands\u00a0(LVS) is to increase its shareholding in\u00a0Sands China\u00a0by purchasing 59,612,518 shares for HK$800m (US$103m). LVS will purchase an additional 0.74 per cent of total issued shares for a price of HK$13.42 per share. The company said it will continue to maintain sufficient public float.<\/p>\n\n\n\n<p>LVS increased its shareholding in\u00a0Sands China last December, <a href=\"https:\/\/focusgn.com\/asia-pacific\/las-vegas-sands-to-increase-shareholding-in-sands-china\" target=\"_blank\" rel=\"noreferrer noopener\">purchasing an additional 1.19 per cent<\/a> of issued shares. For the second quarter of the year, Sands China posted net revenue of US$1.75bn, up 8 per cent in year-on-year terms.<\/p>\n\n\n\n<p>Net income was US$246m, up 31.6 per cent year-on-year but down by 17.2 per cent versus Q1. The group\u2019s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA)\u00a0was S$561m compared to US$541m for the second quarter of 2023.<\/p>\n\n\n\n<p><strong>See also:<\/strong> <a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/sands-china-contributes-24-5-of-macau-ggr-in-q2-analysts-say\" rel=\"noreferrer noopener\">Sands China contributes 24.5% of Macau GGR in Q2, analysts say<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Las Vegas Sands will pay up to HK$800m (US$103m) for 59,612,518 shares.<\/p>\n","protected":false},"author":176,"featured_media":18836,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Las Vegas Sands (LVS) is increasing its shareholding in Sands China by acquiring an additional 0.74% of total issued shares for HK$800m (US$103m), following a similar acquisition in December. This corporate action coincides with Sands China reporting Q2 net revenue of US$1.75bn, net income of US$246m, and contributing 24.5% of Macau's GGR.","focusai_entities":"Las Vegas Sands, Sands China","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"LVS Macau Strategy","query":"What is the long-term strategic rationale behind LVS's incremental shareholding increases in Sands China, and how does this align with its broader capital allocation strategy post-Las Vegas asset divestment?"},{"label":"Sands China Valuation","query":"Given the current share price and recent financial performance, how do analysts assess the intrinsic valuation of Sands China, and what are the key drivers for future NGR and EBITDA growth in Macau?"}],"footnotes":""},"categories":[16338,163],"tags":[1642,21680],"class_list":["post-777018959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-las-vegas-sands","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018959","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777018959"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018959\/revisions"}],"predecessor-version":[{"id":777018978,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018959\/revisions\/777018978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18836"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}