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.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

CATL's shares fall amid $5bn placement

The sale price was 7% below the price of the last trading day which reflected “market conditions”, and as a result CATL’s shares declined 6.88% on April 28.
April 28, 2026

Crown abdicates from Melco with block trade

James Packer's Crown Resorts left with a residual stake in Melco Crown Entertainment after completing two separate equity transactions in the public and private markets.
December 15, 2016

San Miguel Brewery pulls off price-sensitive IPO

Parent company San Miguel Corporation decides to spin off only 5% of its domestic beer subsidiary, while price sensitivity makes it "highly likely" that the price will be fixed at the bottom of the range.
April 24, 2008