Silver Heritage seeks $20.5 million via IPO

Hong Kong-based casino manager and owner Silver Heritage is seeking to raise A$27.5 million (US$20.5 million) via an initial public offering (IPO), reports the Australian Financial Review.

If successful, the company would be listing with a $78.6 million market capitalisation in late July said the AFR quoting terms sent to potential backers.

Existing investors include Regal Funds Management, GZ Fund LLC and directors & management, with Silver Heritage management expected to meet potential investors next week.

Silver Heritage owns and operates casinos and gaming clubs across Asia, including Cambodia, Laos, Nepal and Vietnam.

Latest Intelligence

Latest issue

PATA CEO sees slow recovery, but optimism for future

AGB Podcasts