Louis XIII raises cash for Cotai project

Wednesday 20th of November 2013

Louis XIII Holdings Ltd has raised enough money to proceed with its casino-resort project in Cotai, local media said, citing Union Gaming Research. The company has raised about $1.06 billion through a loan of $515 million from a mainland bank, $411 million in proceeds from an initial public offering this year and $133 million from a recent combined sale of equity and convertible bonds.

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