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.
