Stanley Ho Hung Sun reduced his participation in Melco International Development to 24.28 percent from 26.78 percent. The sale was made in an on-exchange transaction, Dow Jones reported. Also in an on-exchange transaction, Mr Ho’s son Lawrence Ho acquired a similar amount of shares, pushing up his stake in the company to 60.57 percent from 59.09 percent. Melco International Development is one of the two reference shareholders at gaming operator Melco Crown Entertainment Ltd., with a stake of approximately one-third.
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