Oct 22, 2018 Newsdesk Latest News, Philippines, Top of the deck  
The majority owner of Melco Resorts and Entertainment (Philippines) Corp, the operator of the City of Dreams casino resort in Manila (pictured), withdrew on Friday its petition for voluntary delisting of the company.
But MCO Investments (Philippines) Ltd still wants to proceed with a voluntary tender offer to purchase up to nearly 1.57 billion outstanding common shares in Melco Resorts Philippines held by the public.
The purpose now would be to increase the majority owner’s stake: MCO Investments already owns nearly 73 percent, according to previous filings.
Last week Melco Resorts Philippines told the Philippine Stock Exchange that MCO Investments would defer its tender offer, which had been due to begin today, Monday.
A Friday filing stated the tender offer would now be deferred to an unspecified date.
Mar 09, 2023
Mar 02, 2023
Mar 20, 2023
Mar 20, 2023
Mar 20, 2023
Credit Suisse Group AG, described last year by Nagasaki governor Kengo Oishi as one of several potential “financial arrangers” for a proposed casino resort project within that Japanese prefecture...
(Click here for more)
1.59 million
Total number of visitor arrivals to Macau in February