Melco Resorts Philippines to be delisted as of tomorrow
The day has arrived and, as of tomorrow, Melco will no longer be found among the Philippine Stock Exchange (PSE) offerings.
The day has arrived and, as of tomorrow, Melco will no longer be found among the Philippine Stock Exchange (PSE) offerings.
Melco Philippines has been issued a warning by the Philippine Stock Exchange because it needs to either float at least 10% of its stock on the exchange by June 11.
The feud between Universal Entertainment and its former chief, Kazuo Okada, continues.
Philippine businessman Dennis Uy has gotten regulatory approval for one of his publicly traded companies to engage in casino operations.
The Philippine SEC has been asked to stop a tender offer for shares of Asiabest Group, acquired by Okada Manila owner Tiger Resort Asia Limited.
Okada Manila owner Tiger Resort has been cleared by the Philippine Stock Exchange to proceed with its acquiring Philippine-listed Asiabest.
The tender offer for shares of City of Dreams Manila operator, Melco Philippines, has begun, at PHP7.25 ($0.13) a share.
MCO Investments which owns about 73% of Melco Philippines is withdrawing its delisting request, but still wants to move forward with the MREC tender offer.
Melco Philippines’ tender offer price prior to its delisting from the Philippine Stock Exchange has been criticized as too low by analysts.
Philippine government policies have played a role in Melco Philippines' delisting from the Philippine Stock Exchange (PSE).