Sumitomo Mitsui Trust increases SkyCity holding

Thu, 16 Aug 2018

By Gavin Evans Aug. 16 (BusinessDesk) - Sumitomo Mitsui Trust has acquired another 7.7 million shares in casino operator SkyCity Entertainment, lifting its relevant interest in the firm to 6.2 percent. The company says extra shares acquired by its Nikko Asset Management business in Australia on Tuesday triggered the disclosure. It didn’t specify the price paid for the latest block of shares. The trust previously reported a 5.2 percent interest on May 11. SkyCity shares reached a one-month high last week after the firm reported a better...

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