13 Holdings preps rights for stalled Macau project

Hong Kong-listed 13 Holdings is planning a rights issue of up to HK$1.15bn ($147.8m) to help restart the development of its luxury Macau destination, The 13 Hotel.

  • By Jonathan Breen
  • 23 Oct 2017

The hospitality company is looking to sell 920.9m-1.05bn rights shares on a 10-for-one basis. The stock will be available at HK$1.1 apiece, giving the deal a size of HK$1.01bn-HK$1.15bn.

The Hong Kong market didn’t react well to 13 Holdings’ announcement of its rights issue plans last Friday evening. ...

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