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Top Glove Corp Bhd announced on Monday (Jan 10) the appointment of Lester Garson Huang and Anthony Lo as the group’s new independent non-executive directors (INEDs).
Rank Group controlling shareholders in internal reorganisation
Mon, 19th Apr 2021 11:34
(Alliance News) - The Rank Group PLC on Monday said it has a new majority owner following a reorganisation by its controlling shareholders.
GuoLine Capital Assets Ltd is now the parent company of controlling shareholder Guoco Group Ltd, which holds a 56% stake in Rank. GuoLine replaced the former parent company, Hong Leong Co (Malaysia) Bhd. The size of the stake remains unchanged.
Rank, Guoco and GuoLine signed an agreement to govern their relationship, on the same terms as the previous agreement involving Hong Leong.
Shares in Rank, a Berkshire-based gambling operator, were down 0.2% to 195.40 pence in London. The wider FTSE 250 index was up 0.4%.