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SCMP Reporter

Shareholders of Lai Sun Development (LSD) and its subsidiary, Lai Sun Hotels (International), have approved a HK$1.08 billion asset swap. Under the restructuring, LSD will inject its 9.87 per cent stake in Sunday Communications and other technology-related assets into Lai Sun Hotels. In return, Lai Sun Hotels - to be renamed eSun.com Holdings - will transfer to LSD its hotel and property assets, worth HK$685.4 million.



Investors approve swap