Marina Bay Sands, a subsidiary of U.S.-based Las Vegas Sands Corp., is looking to sell 49 percent of its stake in a luxury mall, the Shoppes at Marina Bay Sands adjoining its Singapore resort.
“We expect to receive a very significant price for the 49 percent we are willing to sell,” said Sands Chairman and CEO Sheldon Adelson in an earnings call last month, quoting a price of US$3 billion to US$3.5 billion.. Proceeds could be used in the company’s next investment in Japan or South Korea, he said.
