A corporate dispute centered on Tiger Resorts Asia Ltd. (Tiger Asia) bid to purchase a majority stake in listed Asiabest Group International saw the latter’s share price tank over the past two weeks.
Japanese gaming tycoon Kazuo Okada, formerly chairman of Tiger Asia unit Tiger Resort Leisure and Entertainment, Inc., the operator of the Okada Manila integrated resort, has questioned the stake sale given his claim that he still owns a sizeable stake of Tiger Asia.
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