HONG KONG Las Vegas Sands will restart a stalled resort in Macau even though its US$2.5 billion (US$1 = RM3.40) initial public offering raised less than expected, a source said yesterday.
The sale had been expected to raise as much as US$3.4 billion, with some proceeds earmarked to restart construction on the resort after the global economic crisis hit the dented Macau’s gaming sector last year.
The shares will begin trading in Hong Kong on November 30 this year. — AFP
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