Hao Tang acquires 9.1M Amaya shares from David Baazov for $204M

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By CPE News

Montreal/Hong Kong (pcJ News Briefs) – Hao Tang, a resident of Hong Kong, has disclosed that on March 30, 2017 Discovery Key Investments Limited), a company wholly owned by him, acquired 9,105,500 common shares of Amaya Inc. (TSX/NASDAQ: AYA) on the secondary market at $22.40 per share, for $203,963,200.

The shares were bought from David Baazov, former founder of Amaya, who reported on March 29 and March 30, 2017 the sale of 12,000,000 Amaya share at an average price of $22.31 per share for proceeds of $267.72 million.

Following the share acquisition, Tang beneficially owns 16,305,500 Amaya shares, representing approximately 11.19% of the issued and outstanding common shares.

photo credit: Amaya