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Lawrence Ho to sell off stake in casino op Summit Ascent

Asian casino investor Lawrence Ho Yau Lung (pictured) is selling off his stake in Summit Ascent Holdings Ltd, the lead developer of the Tigre de Cristal casino resort in the Russian Far East. The businessman plans to sell 20 million shares in Hong Kong-listed Summit Ascent – representing a stake of approximately 1.34 percent – thereby ending his role as a direct shareholder in the company, according to a Monday filing by the firm made to the Hong Kong Stock Exchange.

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