A little-known Asian investor has expanded his stake in Pokerstar’s parent company, Amaya Gaming.
Last week, Hong Kong-based investor Tang Hao purchased 330,000 shares of Amaya Gaming’s stocks at an average price of C$23.78, for a total of C$7.85 million.
This is in addition to the 616,300 shares that the investor bought at C$23.84 per share, totaling C$14.69 million, on June 7. He also bought 800,800 of Amaya shares at an average price of C$23.59 per share for a total of C$18.89 million on June 5, and another 500,000 shares at an average price of C$23.52 per share or a total of C$11.76 million on June 2.
Tang Hao already holds around 11.19 percent of Amaya shares via his company, Discovery Key Investments Ltd. (DKI). The little-known company initially owns 7.2 million Amaya shares, which it boosted in late March by purchasing 9,105,000 shares at a cost of C$22.40 per share, for a total consideration of just under C$204 million.