THE MACAU METRO MONITOR, JUNE 26 2013
MACAU LEGEND CUTS IPO SIZE BY MORE THAN HALF Macau Business
Macau Legend has cut its initial public offer shares to 934.8 million from an earlier 2.05 billion. The company cites that current market conditions have changed. The offer price range remains unchanged at HK$2.30 (US$0.3) to HK$2.98 each. The price determination date is now July 2. Trading is expected to start on July 5.
Macau Legend, headed by David Chow Kam Fai, was previously looking to raise up to US$786 million (MOP6.3 billion) through its IPO on the Hong Kong Stock Exchange. Now, it could raise up to US$358 million.
LAS VEGAS SANDS SAYS CFO KAY LEAVING Bloomberg
Kenneth Kay will leave effective July 31. The company didn’t give a reason. Kay will provide transition services as part of a six-month consulting agreement, the Las Vegas-based casino and resort company said in a filing yesterday.