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Melco Crown considers listing by introduction: report

Melco Crown Entertainment is considering listing on the Hong Kong Stock Exchange by way of introduction, instead of selling new stock, International Financing Review (IFR) has reported. The possible change in plans is connected with the volatile market conditions, sources with direct knowledge of the deal told IFR, a Thomson Reuters publication. That would mean the company […]

Melco Crown Entertainment is considering listing on the Hong Kong Stock Exchange by way of introduction, instead of selling new stock, International Financing Review (IFR) has reported. The possible change in plans is connected with the volatile market conditions, sources with direct knowledge of the deal told IFR, a Thomson Reuters publication. That would mean the company would cancel a plan to sell at least US$300 million (MOP2.4 billion) new shares in Hong Kong. The company aims to start trading in Hong Kong in early November, sources told Bloomberg. Listing by introduction involves the transfer of existing shares from overseas.

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