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Belle begins pre-marketing for $200 mln Sinophil share sale

Belle Corp has begun the pre-marketing for the sale of a stake worth about $200 million in its separately traded Sinophil unit to expand its investor base, according to Reuters.Reuters cited IFR, a publication in the same group, as saying book-building was likely to start on Sept. 22.Belle was spun off into a separate unit earlier this year to hold the group’s gaming assets. The company has already said that it plans to sell down some of its stake.Belle, which is developing the City of Dreams Manila with Melco Crown Entertainment, has said it has been in talks to acquire more land with a view to potentially expanding the City of Dreams project in Manila’s Entertainment City.

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