Rochester, NY 8/15/2009 2:41:56 AM
Melco Crown Entertainment Ltd., MPEL - Macau's Melco Crown Will Be Issuing American Depositary Shares
Melco Crown Entertainment Ltd.
Melco Crown Entertainment announce recently the company’s plan to issue 37.5 million American depositary shares, but they have refrain giving details of how much money it expects from the offering.
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Each ADS will represent three ordinary shares, and will include option to issue an additional 3.75 million ADS in the event of strong demand from the investment community, according to an exchange filing by parent Melco International Development Ltd.
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