July 14 (Reuters) - Genting Hong Kong Ltd 0678.HK :
- Unit disposed of a total of 6.6 mln shares in Star Entertainment
- Deal for total consideration of on-market disposals was a$38.5 million
- Disposal happened between 28 July 2016 and 25 May 2017
- Following completion of block trade, unit and group will cease to hold any interest in shares in star entertainment.
- Unit entered into sale agreement with UBS AG pursuant to which UBS AG to conduct and manage sale of a 46.4 shares in Star Entertainment
- A gain in an amount of about US$67.5 million is expected to accrue to group as a result of transaction
- Sale agreement with UBS AG for total consideration of block trade was A$235.2 million
