Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: Sun Hung Kai Financial
$46.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Macau Legend Development Ltd announces placing of existing shares and letter of intent for bank facility


Thursday, 16 Jan 2014 09:45am EST 

Macau Legend Development Ltd:Says that MFW Investment is negotiating with ICBC Macau on the terms and conditions to the letter of intent entered into on Dec. 31, 2013 for a five-year term loan facility in the amount of up to HK$4,000,000,000 part of which will be used to refinance the Existing Facilities.Says under the letter of intent, MFW Investment appointed ICBC Macau, also the lead arranger for the Existing Facilities, as the mandated lead arranger for arranging a syndicate of lenders, facility agent and security agent for the facility.Says 3,114,320,600 Shares, representing about 49.86% of the issued share capital of the company.Says upon completion of the Placing but before the Subscription, All Landmark and parties acting in concert with it will own 2,926,320,600 Shares, representing about 46.85% of the issued share capital of the company.Says placing price is HK$7.25 per placing share, representing a discount of about 7.76 pct to the closing price of HK$7.86 per Share quoted on the Stock Exchange on the Last Trading Date, and a discount of about 7.05 pct to the average closing price of about HK$7.80 per Share.Says completion of the Placing is expected to take place on the Closing Date, or such other date as All Landmark, the company and the Joint Placing Agents may agree in writing. 

Company Quote

4.68
0.09 +1.96%
1:44am EDT