Kings Knight gains 64.4 percent of Lasseters at bid expiry

Kings Knight Capital, which is backed by a Taiwan businessman with experience in Macau’s VIP sector, has completed its acquisition of Australia’s Lasseters Corp, gaining 64.4 percent of the share capital at the expiry of the bid, according to a stock exchange filing.

The company was seeking to buy Lasseters, with the aim of finding new business opportunities for the company in Cambodia. At the time of the original bid in August, it said it planned to find a new business for Lasseters that will be a gambling business, initially focusing on resort and leisure-style casinos and online gaming, licensed and domiciled by the Kingdom of Cambodia.

Lasseters is listed on the Australian Stock Exchange, but has been suspended from trading since 2008.

British Virgin Islands-based Kings Knight offered to pay $0.00524976 in cash for each Lasseters share.

Lasseters Interactive Gaming and Lasseters International Holdings own 71.3 percent and 2.05 percent respectively of Lasseters Corp.