International edition
September 20, 2021

Up to us$ 101.2 million

Casino operator Macau Legend launches IPO

(Macau).- Casino operator Macau Legend Development 1680. HK launched last week an up to us$ 101.2 million initial public offering in Hong Kong, according to Reuters.

T

he company and shareholders Lam Fong Ngo and Grand Bright are selling 2.05 billion shares in the offering, of which 86.2 % are new shares issued by Macau Legend, and the remainder existing stock from the two shareholders.

The shares are being offered in an indicative range of us$ 0.29-us$0.38 each.

About two-thirds of the proceeds of the offering will be used to build the Prague Harbor View Hotel and Palace Hotel, according to the term sheet, and the rest set aside for development of entertainment and shopping facilities, a yacht club and renovation of the Landmark Macau, among other things.

CLSA and Citic Securities, were hired as joint global coordinators, with Credit Suisse Group also acting as a joint bookrunner.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook