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Travellers postpones IPO
Thursday 27th of June 2013
Travellers International Hotel Group Inc. has postponed plans for a $500 million initial public offering until later this year amid volatile markets. The company, which operates Resorts World Manila and is developing Resorts World Bayshore in the capital, is a joint venture between Malaysia's Genting Group and local Alliance Global Group Inc. Travellers had begun pre-marketing for its IPO.
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