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Sands China ( (HK:1928) ) has shared an update.
Sands China has renewed its international trademark license arrangement with controlling shareholder Las Vegas Sands, securing continued rights for its subsidiaries to use LVS-owned trademarks and related intellectual property for casino, gaming and integrated resort operations in mainland China, Macao, Hong Kong and Taiwan, as well as for global marketing of its business in these territories, for a further three-year term from 1 January 2026 to 31 December 2028. Under the renewed agreement, the LVS group will receive an annual royalty equal to 1.5% of each licensee’s gross gaming and non-gaming revenue, calculated under specified U.S. GAAP-based definitions and paid monthly, with the deal classified as a continuing connected transaction under Hong Kong’s listing rules that requires disclosure and annual review but is exempt from independent shareholders’ approval, thereby maintaining brand continuity for Sands China’s core operations while preserving the existing related-party governance framework.
The most recent analyst rating on (HK:1928) stock is a Buy with a HK$24.50 price target. To see the full list of analyst forecasts on Sands China stock, see the HK:1928 Stock Forecast page.
More about Sands China
Sands China Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates integrated resorts with casino and non-gaming facilities in Macao and the broader Greater China region, focusing on gaming, hospitality, retail and entertainment. The group’s properties rely heavily on globally recognized brands and intellectual property licensed from its controlling shareholder, Las Vegas Sands (LVS), to market and promote its gaming and non-gaming offerings to customers in mainland China, Macao, Hong Kong, Taiwan and international markets.
Average Trading Volume: 16,975,923
Technical Sentiment Signal: Hold
Current Market Cap: HK$166.1B
See more data about 1928 stock on TipRanks’ Stock Analysis page.