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Travellers International Hotel Group Inc Updates On Proposed Listing


Tuesday, 1 Oct 2013 07:25pm EDT 

Genting Hong Kong Ltd announced that with reference to announcement made on May 9, 2013 the Company was informed by Travellers International Hotel Group, Inc. (Travellers) that Travellers filed a preliminary draft prospectus with The Philippine Stock Exchange, Inc. (PSE) for a proposed initial public offering of the common shares of Travellers. The Company has now been informed by Travellers that, on October 1, 2013, PSE announced that the Board of Directors of PSE approved the application by Travellers for the initial listing, under the Main Board of PSE, of up to 25,000,000,000 common shares of Travellers, with a par value of 0.10 Philippine Peso (PHP) per common share, comprising; 14,159,000,000 common shares, representing the total number of issued and outstanding common shares of Travellers prior to the initial public offering of Travellers' shares; and 10,841,000,000 common shares, representing the total number of treasury shares of Travellers prior to the initial public offering of Travellers' shares. The initial public offering of the common shares of Travellers shall consist of the following, each of which shall be satisfied by Travellers out of treasury shares; an offer of up to 1,573,222,300 common shares, representing the total number of Travellers' common shares to be offered to the public on a primary basis (the Primary Offer) and an over-allotment option to be granted by Travellers in respect of up to 235,983,300 common shares in Travellers. 

Company Quote

34.36
-0.19 -0.55%
19 Dec 2014