Philippine unit of Melco Crown plans share issue

Shareholders have approved the sale of up to 1.2 billion shares and sources say the issue could raise about $175 million.
<div style="text-align: left;"> Melco Crown is putting its bets on the Philippines as a growth market for gaming (AFP) </div>
<div style="text-align: left;"> Melco Crown is putting its bets on the Philippines as a growth market for gaming (AFP) </div>
February 20, 2013

Manchester International Holdings, a Manila-listed holding company that is in the process of being taken over by Macau casino operator Melco Crown Entertainment, said yesterday that it plans to issue up to 1.2 billion new shares.

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