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Article: Hong Kong: Sands China Seeks Up To US$3.83 Bln In HK IPO Source.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
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Byline: prashant03
Sands China Ltd., the Macau unit of Las Vegas Sands Corp., seeks to raise up to US$3.83 billion in a Hong Kong initial public offering to repay borrowings and help revive suspended construction works for hotels and gaming facilities at Macau's Cotai Strip, a person familiar with the situation said Sunday.
The offering, if successful, will be the city's second-biggest IPO after China Minsheng Banking Corp.'s planned US$4 billion IPO, which also starts bookbuilding Monday. It also exceeds the US$1.9 billion raised by rival Wynn Macau Ltd., a unit of Wynn Resorts Ltd., last month.
In the base deal, Sands China is selling 1.87 ...