MALAYSIAN billionaire Tan Sri Quek Leng Chan, the biggest shareholder of Hong Kong-listed Guoco Group Ltd, will buy an additional 21.63% stake in the company from the Kuwait government for HK$4.13bil.
Guoline Overseas Ltd, a subsidiary of Quek-controlled Hong Leong Co (M) Bhd, will buy 71.17 million ordinary shares for HK$58 each from Kuwait Investment Office, the second largest shareholder. That's a 5.7% discount to Thursday's market price.
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