Capital Research raises stake in Wynn Macau

U.S.-based Capital Research & Management Co. has just boosted its stake in Wynn Macau Ltd to 5.02 percent from 4.99 percent. The privately owned investment manager earlier this week bought 1.14 million shares in Wynn Macau, at an average price of HK$17.131 apiece, according to a disclosure filing to the Hong Kong Stock Exchange quoted by Bloomberg. Capital Research and Management was founded in 1931 and is based in Los Angeles, California.