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Melco Crown Entertainment passes preliminary listing hearing
The casino owner plans to raise as mush as $501.3m in a dual listing in Hong Kong.
Market sources, according to a report on Reuters, said Melco Crown Entertainment passed a preliminary listing hearing.
In August the company announced that it has made an application to The Stock Exchange of Hong Kong Limited for a proposed dual listing of its shares on the Main Board of the SEHK.
It was then evaluating a possible global offering of SEHK-listed shares to local and international investors.