Jun 20, 2016 Newsdesk Latest News, Rest of Asia, Top of the deck, World  
Silver Heritage Ltd, a Hong Kong-based firm operating casinos and slot machine halls in Southeast Asia, is to hold meetings with financial institutions “next week”, seeking to raise nearly AUD30 million (US$22.3 million) via an initial public offering (IPO), reported on Monday the Australian Financial Review, citing sources it didn’t identify.
The newspaper added that a proposed sale of shares at AUD0.40 per unit sought to raise AUD27.5 million.
The outlet stated that – were the exercise successful – Silver Heritage would list with a “AUD78.6-million capitalisation in late July”. It didn’t specify the bourse, but cited terms sent to potential investors as the source of that information.
There has been speculation for some time that the firm might seek a listing on the Australian Securities Exchange.
Silver Heritage has gaming operations in Cambodia, Nepal and Vietnam.
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Macau’s health authorities said on Sunday that they would require all people wishing to enter the city’s casinos not only to have their body temperature measured and to display a...
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US$5.8 million
Amount that each Macau casino operator paid for the circa six-month extension of their respective contract