HK Stock Market Move | Sands China (01928) rose more than 4%. The controlling shareholder, Las Vegas Sands, plans to invest up to a maximum of 1.03 billion US dollars to increase its stake in the company.

Sands China (01928) rose more than 3%. As of the press time, it rose by 3.13%, hitting HK$15.12, with a turnover of HK$100 million. Lyon released a research report stating that the controlling shareholder of Sands China, Las Vegas Sands (LVS.US), plans to invest up to $103 million to increase its stake in Sands China, potentially increasing its stake by up to 0.74 percentage points to 71.7% based on Monday's (9th) closing price. Together with the previous round of equity acquisitions completed by LVS in the first quarter of this year, LVS plans to invest $353 million to increase its stake in Sands China. The target price for Sands China is HK$19.8, with a rating of "outperform the market". UBS Group AG released a research report stating that there has been an increase in new customers and young customers in the Macau gaming industry, therefore holding a positive attitude towards the Macau gaming industry stocks.