International edition
September 20, 2021

Loan conversion

Melco Crown proposed listing on Hong Kong exchange

(Hong Kong).- Melco Crown Entertainment announced that its application to the Stock Exchange of Hong Kong Limited for a proposed dual listing of its shares on the Main Board of the SEHK was considered by the Listing Committee of the SEHK on November 17, on the basis that the Proposed HK Dual Listing will proceed by way of introduction.


aking account of current market sentiment, the Company does not intend to carry out a global offering in conjunction with the Proposed HK Dual Listing.  The company will continue to evaluate future fund raising plans, carefully considering business development needs and shareholders' interests as a whole. 

The company is currently aiming to complete the Proposed HK Dual Listing by year end. The company wishes to highlight that as the proposed HK Dual Listing is subject to, among others, the final approval of the SEHK and other relevant authorities, it may not occur in the absence of such approvals.

Melco also announced that the shareholders' loans initially provided in 2006 by wholly-owned subsidiaries of our major shareholders, Melco International Development Limited and Crown Limited, will be converted into ordinary shares of the company on or around November 29. Following the conversion, Melco and Crown will maintain their interests in the company in equal proportions.

The conversion price will be determined as one-third of the volume weighted average price of the company's American Depositary Shares as quoted on the Nasdaq Global Select Market, over the period of the five business days immediately preceding the date of conversion, as each ADS represents three Shares.

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