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Genting Hong Kong Ltd and Alliance Global Group Inc's JV Travellers International Hotel Group Inc files For Up To $854 Million Philippine IPO-Reuters


Friday, 10 May 2013 12:46am EDT 

Reuters reported that A joint venture (Travellers International Hotel Group) (JV) between Genting Hong Kong Ltd and Alliance Global Group Inc could raise up to $854 million in an initial public offering in Manila, IFR reported. Travellers International Hotel Group filed to sell 1.49 billion shares at a maximum price of 23.38 pesos, putting the total deal at 34.8 billion pesos ($854 million). The IPO is expected within the next three months and the final size of the deal might change. The Company last month hired Bank of America Merrill Lynch, CIMB, Maybank, Religare Capital Markets and UBS to handle the offering. 

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22 Aug 2014