Rank Group, the land-based and remote gambling operator, announced on Thursday that Hong Leong Company Berhad now holds a 26.01 percent stake in the United Kingdom company.
Via its Asia Fountain Investment Company Ltd., Hong Leong has been increasing its investment in Rank since January 2008 when, according to Reuters, it held only a 4 percent stake.
In the statement released today, Rank said Hong Leong had a notifiable interest in the voting rights attached to 101,590,149 ordinary 13 8/9p shares representing 26.01 percent of the total voting rights.