Silver Heritage Plans IPO

Sat, Jun 25, 2016

Hong Kong-based gaming operator Silver Heritage Ltd. hopes to raise nearly AUD30 million (US$22.3 million) through an initial public offering, according to unconfirmed reports.

Hong Kong-based casino firm Silver Heritage Ltd. will reportedly meet with financial institutions this week to discuss an initial public offering it hopes will raise AUD30 million (US million), according to a report in GGRAsia. The new originated with unnamed sources that spoke to the Australian Financial Review.

A proposed sale at AUD0.40 per share could generate AUD27.5 million, the newspaper reported. If the IPO succeeds, Silver Heritage would list on the Australian Securities Exchange with an “AUD78.6-million capitalization in late July,” the reports said. Silver Heritage has gaming operations in Cambodia, the Philippines, Nepal and Vietnam.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.