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NewsGenting-Alliance JV plans US$500mil initial public offering in Manila
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Genting-Alliance JV plans US$500mil initial public offering in Manila
by hlk Wed 24 Apr 2013, 08:50
HONG KONG: A joint venture between casino operator Genting Hong Kong Ltd and Philippine conglomerate Alliance Global Group Inc
hired five banks for an up-to-US$500mil initial public offering in
Manila, IFR reported yesterday, citing sources with direct knowledge of
the deal.
Travellers International Hotel Group, as the Genting-Alliance venture is called, plans to go public early in the third quarter, added IFR, a Thomson Reuters publication.
Alliance
said in a securities filing that Travellers International is exploring
different ways to finance its projects, including debt and equity,
without disclosing details of its plans.
Bank of America Merrill Lynch, CIMB, Maybank, Religare Capital Markets and UBS were hired to handle the offering. Reuters
hired five banks for an up-to-US$500mil initial public offering in
Manila, IFR reported yesterday, citing sources with direct knowledge of
the deal.
Travellers International Hotel Group, as the Genting-Alliance venture is called, plans to go public early in the third quarter, added IFR, a Thomson Reuters publication.
Alliance
said in a securities filing that Travellers International is exploring
different ways to finance its projects, including debt and equity,
without disclosing details of its plans.
Bank of America Merrill Lynch, CIMB, Maybank, Religare Capital Markets and UBS were hired to handle the offering. Reuters
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