Pursuits
MGM China Applies for Hong Kong Initial Share Sale
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MGM China Holdings Ltd., the Macau venture between the biggest casino owner on the Las Vegas Strip and billionaire Stanley Ho’s daughter, filed a preliminary application for an initial public offering in Hong Kong.
The venture between MGM Resorts International and Pansy Ho submitted a proposed listing application with the Hong Kong Stock Exchange yesterday, according to a filing to the U.S. Securities and Exchange Commission. No decision has been made about when to hold the share sale or how much to raise, according to the statement.