Tanjong is selling its stake in gaming operator Pan Malaysian Pools to a group of businessmen, Reuters reports, citing The Edge Financial Daily. The firm, controlled by Malaysian tycoon Ananda Krishnan, will get a total of $714.7 million from the sale. The consortium of buyers included Genting CEO Lim Thay and Lion Group’s CEO and Chairman William Cheng. As part of the transaction, the buyers will also secure a credit facility worth $506.9 million to fund the acquisition.

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