Neptune (HKG:0070) acquires further 10% Star Profit


Neptune Group (HKG:0070) has agreed to acquire from Lucky Star a further 10% of the Star Profit (which is 0.4% of the rolling turnover generated by Lucky Star Entretenimento Sociedade Unipessoal Limitada and/or its customers at Level 3 at the StarWorld Hotel in Macau pursuant to the Star Junket Representative Agreement) at a cash consideration of HK$96.3 million and shall be satisfied by Neptune Group from internal resources.

On 2 April 2009, Neptune Group announced that it had indirectly acquired a 10% interest in the Star Profit. The latest acquisition will increase the company's interest in the Star Profit to 20%.

Lucky Star has been appointed by the StarWorld Casino at StarWorld Hotel & Casino as a junket representative since 2009.

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