Reuters - Melco Crown Plans Share Sale
The Philippine unit of Macau casino company Melco Crown Entertainment Ltd. said on Tuesday it plans to sell up to 1 billion shares as it prepares to develop a $1 billion casino-resort project with local partner Belle Corp., Reuters wrote. Shareholders of Manchester International Holdings Unlimited Corp., which will be renamed Melco Crown (Philippines) Resorts Corp, approved the equity offering on Tuesday, but terms and conditions and the timing of the offer have yet to be set, the company said in a filing to the stock exchange.
19 February 2013•2 mins read
