The company is aiming to complete the process by year-end
Melco Crown confirms listing by introduction
(Hong Kong).- Melco Crown Entertainment confirmed it is eyeing listing on the Hong Kong Stock Exchange by way of introduction, instead of selling new stock.
2011-11-24
Reading time 27 seg
(Hong Kong).- Melco Crown Entertainment confirmed it is eyeing listing on the Hong Kong Stock Exchange by way of introduction, instead of selling new stock.
The company’s application to the Stock Exchange of Hong Kong for a proposed dual listing was considered by the listing committee on November 17, “on the basis that the proposed Hong Kong dual listing will proceed by way of introduction,” Melco Crown said in a press release.
“Taking account of current market sentiment, the company does not intend to carry out a global offering in conjunction with the proposed Hong Kong dual listing,” the gaming operator added.
The company said it is currently aiming to complete the listing process by year-end.
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