Hao Tang ups Amaya stakes with $99.75M share purchase

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By CPE News

pcJ News Briefs – Hao Tang, a Hong Kong resident, has reported that through two wholly owned holding companies, Discovery Key Investments Limited and Uptrend Trade Limited, he has acquired additional 4,276,900 Amaya Inc. (TSX: AYA) shares for $99,748,061.

Tang now owns 20,582,400 Amaya shares, representing approximately 14.05% of the issued and outstanding common shares.

News Release


MONTREAL, QUEBEC – July 6, 2017 – Since the press release on April 5, 2017 by Discovery Key Investments Limited, both that corporation and Uptrend Trade Limited (the “Holding Companies”), both entities wholly owned by Mr. Hao Tang, have acquired additional common shares (“Common Shares”) in the share capital of Amaya Inc. (the “Issuer”), as follows:

The Common Shares acquired in the series of transactions set forth above (the “Transactions”) represent a total of approximately 2.92% of the Issuer’s issued and outstanding Common Shares as of the date of the final Transaction.

Prior to completion of the Transactions, Mr. Tang had indirect beneficial ownership of 16,305,500 Common Shares, which he held through the Holding Companies, representing approximately 11.13% of the issued and outstanding Common Shares. As a result of the Transactions, Mr. Tang has indirect beneficial ownership of 20,582,400 Common Shares, representing approximately 14.05% of the issued and outstanding Common Shares on closing of the final Transaction.

Mr. Tang indirectly acquired the additional Common Shares for investment purposes. Depending upon the circumstances, Mr. Tang may, from time to time, acquire additional securities of the Issuer or dispose of all or a portion of the securities of the Issuer previously acquired.

An early warning report containing additional information with respect to the foregoing matters will be filed under the Issuer’s SEDAR profile at www.sedar.com.

Further information or a copy of the early warning report may be obtained by contacting:

Hao Tang
18/F Three Exchange Square
Connaught Place, Central
Hong Kong
Tel: 852-3719-9350