Casino owner Macau Legend relaunches smaller Hong Kong IPO

PUBLISHED : Wednesday, 26 June, 2013, 8:23am
UPDATED : Wednesday, 26 June, 2013, 8:23am

Casino owner Macau Legend Development Ltd relaunched on Wednesday its Hong Kong initial public offering, slashing the deal by more than half because of weaker than expected demand caused by volatile global markets.

The company, which owns the Macau Fisherman’s Wharf development, is now seeking to raise up to US$360 million by selling 934.83 million new shares, according to a supplementary prospectus filed by the company.