Guoco Parent Sells Off Rank Plc Shares

Shares represent 12.8 percent of Rank's entire issued share capital

In a fast-moving initiative today GuoLine Overseas Limited, a subsidiary of Hong Leong Company (Malaysia) Berhad, announced that it has sold 50 million ordinary shares (about 13 percent of its holding) in The Rank Group plc to institutional investors.

The deal represents approximately 12.8 percent of Rank's entire issued share capital, and leaves Hong Leong with 56.1 percent of Rank stock.

The shares were sold at a price of 185 pence per share, raising gross proceeds of GBP 92.5 million, Hong Leong revealed.

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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