Hong Kong investor building a significant holding in Amaya

News on 29 Jul 2017

A Hong Kong-based businessman associated with the Goldenway Group, Tong Hao, has reportedly been investing heavily in Amaya shares, most recently with a buy of 4.2 million shares this week and previous buys last week of 279,200 shares for Cdn$ 6.24 million and 500,000 shares for Cdn$11.12 million.

Earlier this month in separate transactions Hao bought a total of just over 3.5 million shares for Cdn$ 77,5 million.

Tao is now a substantial shareholder in Amaya, having previously acquired 18.3 million shares in the company for hundreds of millions of dollars.

Our readers may recall that Goldenway was one of the Hong Kong investment groups that backed disgraced former Amaya CEO David Baazov’s bid to acquire the company last year. Baazov stepped down as CEO of Amaya to fight allegations of insider trading on the acquisition of Pokerstars deal, and subsequently sold off large tranches of his Amaya stock.

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