Silver Heritage seeks AUD27.5 mln via IPO: report
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.
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
MGM Cotai EBITDA to reach US$233mln in 2018: MS August 21, 2017 
China ban on foreign casino backing is vague: analysts August 22, 2017 
Problem gambling centre stage at Osaka hearing August 21, 2017