Melco Crown says conditions satisfied for de-listing

Melco Crown Entertainment Limited announced that the conditions for the proposed de-listing from the Hong Kong Stock Exchange have all been satisfied. 

The last day of dealing in the company’s shares is June 29, 2015. The listing of the shares on the Main Board of the stock exchange will be withdrawn effectively at 4:00 p.m. on Friday, July 3, the company said..

“The Company will, for a period of 60 days following the Last Dealing Date, bear the costs of the Shareholders for their deposit of the Shares with the Depositary and the corresponding issuance of ADSs.”

Since listing three years ago on the HKSE, the operator of the newly launched City of Dreams Manila has cited limited fundraising opportunities and burdensome compliance obligations and costs as reasons to de-list from the exchange.

 

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