Summary by Futu AI
Sands China Ltd. (the "Company") announced on September 10, 2024, that its controlling shareholder, Las Vegas Sands Corp. ("LVS"), plans to further increase its shareholding in the Company. LVS has entered into a share purchase transaction with financial institutions through its wholly-owned subsidiary, Venetian Venture Development Intermediate II ("VVDI (II)"). LVS will pay up to 0.8 billion Hong Kong dollars to purchase shares of the Company on September 9, 2024. This share purchase transaction is equivalent to approximately 0.74% of the total issued shares. The Company expects that the public shareholding will remain at a sufficient level after the completion of the transaction. The Company reminds shareholders and potential investors to exercise caution when buying or selling securities.