MGM Macau is closer to be listed on the Hong Kong stock exchange. MGM China Holdings Limited, a Cayman Islands company which has been formed by MGM Resorts International and businesswoman Pansy Ho Chiu King yesterday filed a proposed listing application with the Hong Kong Stock Exchange, MGM Resorts International announced. MGM China Holdings will “become the owner of substantially all of the economic share interests of MGM Grand Paradise, S.A.”, a joint venture of MGM Resorts International and Ms Ho, which owns and operates the MGM Macau. According to MGM Resorts International, “there have not been any decisions made regarding the timing or terms of any such listing or whether MGM China Holdings Limited will ultimately proceed with such a transaction or whether the proposed transaction will ultimately be approved by the Hong Kong Exchange.” According to previous media reports, to goal of the IPO is to raise US$500 million (MOP4 billion).
—
