Shaftesbury investor Samuel Tak Lee increases stake above 19%, fuelling takeover speculation


Shaftesbury [LON: SHB] announced that Hong Kong-based shareholder Samuel Tak Lee increased his stake in the UK-based property group to more than 19% on 1 June. A market report in The Times said the move fuelled takeover speculation. Lee is the largest shareholder in Shaftesbury and unsuccessfully attempted to acquire the business during the 1990s, the report said.