Junket Company Iokun Applies For Hong Kong Dual Listing · 12:49pm Oct 31st, 2023
Macau-based junket room promoter Yokun Group Holding Inc. said in a press statement in New York that it has officially applied for listing in Hong Kong.
As GGRAcia reported on Thursday, the list will be by "Introduction".
Iokun added that the application is subject to initial three-day review by the Hong Kong Stock Exchange.
The listing by introduction is the same method used by Nasdaq-listed Macau casino developer Melco Crown Entertainment during its dual listing in Hong Kong in December 2011.
In the process, companies that have issued shares on other exchanges may, under local regulatory approval, list their shares in Hong Kong without raising new funds or issuing new shares.
Asia Entertainment & Resources Ltd (formerly known as Iao Kun) held its first public offering on August 15, 2008 on NASDAQ at a price of $6.00 per share. Iocoon was trading down 2.24% at $3.06 a share at the close of business on Thursday, New York time. 슬롯
