Silver Heritage seeks AUD27.5 mln via IPO: report

Jun 20, 2016 Newsdesk Latest News, Rest of Asia, Top of the deck, World  

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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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