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Melco International ( (HK:0200) ) has issued an announcement.
Melco International Development Limited has announced a proposed rights issue to raise up to approximately HK$781.07 million by issuing new shares at a subscription price of HK$1.0286 per share. The proceeds from this rights issue will primarily be used to repay a portion of the principal and interest of the company’s 2021 Credit Facility. The rights issue will be available only to qualifying shareholders, with no minimum amount required to be raised, and will proceed on a non-underwritten basis.
More about Melco International
Melco International Development Limited is a company incorporated in Hong Kong with limited liability. It operates within the financial sector and is listed on the Hong Kong Stock Exchange under the stock code 200.
YTD Price Performance: -16.61%
Average Trading Volume: 3,995
Technical Sentiment Signal: Strong Buy
Current Market Cap: $699.3M
For a thorough assessment of 0200 stock, go to TipRanks’ Stock Analysis page.