SJM Plans
HK Share Offering
As reported by the Dow Jones:
"A Macau casino operator controlled by
gaming mogul Stanley Ho is seeking to list on
the Hong Kong stock exchange, the Hong Kong
Economic Journal reports.
"Citing
sources, the newspaper says that Sociedade de
Jogos de Macau, SA, or SJM - which holds one
of Macau's three gaming concessions to operate
casinos in the city - has been reorganizing
the company's businesses and has formed a holding
company in preparation for its proposed listing.
"SJM
will need to secure approval from the Macau
government before it can proceed with its listing,
the report says. Any changes over 5% in the
shareholding structure of a casino concession
holder must receive regulatory approval…"
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