Melco Crown delists from Hong Kong Exchange
Sunday was the last day of trading by Melco Crown.
In January Melco Crown governance had submitted the application to voluntary delist from the Hong Kong Exchange, citing reasons of cost and utility and stating that the company had not found a lack “appropriate opportunities to raise additional equity in Hong Kong” and the “very limited” volume of trading in its shares on the exchange.
Melco Crown stated that it would allow its investor the option to transfer their stock onto its primary listing on the US Nasdaq exchange. The operator will further bear the costs of holding shares in a depositary bank for a period of 60 days following its last day of trading.
Melco Crown further announced last week that it had entered an amendment of its loan facilities, which entitled the business to a total USD 1.75 billion credit facility supplied via a syndicate of banks.
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