Amax completes US$1.2 mln share placing
Casino investor Amax International Holdings Ltd said it has successfully completed a subscription and placing, raising net proceeds of HKD9.06 million (US$1.17 million). The firm issued 9,900,000 shares to the subscriber at HKD0.93 per share, it said in a filing to the Hong Kong Stock Exchange on Tuesday.
“The net proceeds from the subscription … will be utilised for general working capital and investment of the group,” Amax International said.
The placing shares represent approximately 3.71 percent of the issued share capital as enlarged, it added.
The shares have been allotted to six placees, “who and whose ultimate beneficial owners are third parties independent of the company and its connected persons,” the firm said, without disclosing details.
After the subscription, Ng Man Sun, chairman and chief executive of Amax International, remains the largest shareholder of the company with a 14.58-percent stake.
The firm last week posted a loss attributable to shareholders, of HKD17.77 million for the first half fiscal 2014 ending September 30.
Sponsored Feature
Latest News
Features
-
Macau Peninsula to become 2nd-tier casino hub: analyst Macau’s traditional gaming zone on downtown peninsula... -
Manila casino attack gives sector pause Management at two major casino venues in the Philippine... -
Virtual sports, next big thing in Macau casino market? Hong Kong-listed casino equipment supplier Paradise... -
Still room for improvement at Studio City: pundits As Studio City – the US$3.2-billion, 2015 addition to... -
Fantan to baccarat: a new book on Macau gaming law Macau’s pacapio Chinese lottery game will celebrate its...
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
New Manila casino resort open in 2020: Genting HK August 18, 2017 
Japan holds first of public hearings on casino policy August 18, 2017 
Philippine casino demand outstrips supply: MS August 17, 2017