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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Crown Ltd | ASX:CWNCD | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.48 | 12.00 | 12.48 | 0.00 | 01:00:00 |
From May 2019 to May 2024
By Yi Wei Wong
Midnight Acacia Holdings Pte., an investment holding company managed by Blackstone Group has bought a 10% stake in Crown Resorts for $551.6 million Australian dollars (US$358.0 million).
The investment company purchased the shares from Melco Resorts & Entertainment at A$8.15 a share, Melco Resorts said in a filing to the local stock exchange Wednesday.
Proceeds from the sale will be used for general working capital and to strengthen the company's balance sheet during the recent Covid-19 pandemic, it said in the filing.
After the sale, Melco has ceased to be a shareholder of Crown Resorts, it said.
Write to Yi Wei Wong at yiwei.wong@wsj.com
(END) Dow Jones Newswires
April 29, 2020 01:10 ET (05:10 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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