Casino block trades

Blocks in Sands China and Wynn Macau raise $253 million

US asset manager Waddell & Reed pockets $128 million from the sale of shares in Sands China and another $125 million from reducing its stake in Wynn Macau.
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(JupiterImages) </div>
<div style="text-align: left;"> (JupiterImages) </div>

When the Hang Seng Index erased the last of this year’s gains a couple of weeks ago, bankers predicted that the share price clump may trigger more block trades as investors try to secure some profit — or perhaps cut their losses — ahead of the half-year mark. Or as one banker put it, “there could be a lot of motivated sellers.”

¬ Haymarket Media Limited. All rights reserved.

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