Maple-Brown builds up Echo stake

Fund manager Maple-Brown Abbott Ltd. has built up its stake in Echo Entertainment Group Ltd. to 5.05 percent, or 41.7 million shares.

Maple-Brown bought most of those shares since May,some of its shares when Crown Ltd. sold off its 10 percent stake in Echo in May. Malaysia’s Genting Group is seeking regulatory permission to raise its stake above 10 percent.