Paradise Entertainment chairman raises stake to 60.27% after HK$1.26m share purchase
Paradise Entertainment chairman and managing director Jay Chun raised his stake to 60.27% after buying 2.84 million shares on 27 March, according to a company filing. The purchase cost about HK$1.26 million, taking his holdings to approximately 634.16 million shares.
Chun’s increased ownership is a material change in the company’s shareholder position as it adjusts after losing its satellite casino business.