Imperial Pacific International Holdings Ltd, a company that has pledged to spend as much as US$7 billion on a casino resort on the Pacific island of Saipan, said in a Wednesday filing that it intended to issue approximately 127.7 billion bonus shares on July 3.
On June 17, shareholders approved the issue on the basis of 15 bonus shares for every one existing share held by qualifying shareholders.
Imperial Pacific – which started life as a frozen food business before acquiring the rights to a profit stream from a Macau junket investor – saw a 5.13 percent rise in its Hong Kong share price as of 10.55am local time on Thursday, to HKD0.41, according to the Hong Kong Stock Exchange website.
The gaming investor said in a filing on June 12 that it would launch and operate a “temporary casino” on Saipan, the main island on the U.S. territory the Commonwealth of the Northern Mariana Islands, in the third quarter.
Jan 25, 2022The International Monetary Fund (IMF) expects Macau’s economy to continue to expand in coming years, after an estimated 17-percent growth in 2021, “helped by the partial recovery of the gaming...
Jan 24, 2022
”Boosted by increasing investment linked to the issuance of new gaming concessions and further integration with the Guangdong‑Hong Kong‑Macao Greater Bay Area, [Macau's] growth is expected to accelerate to 23 percent in 2023"
International Monetary Fund