Philippine casino operator Hann Holdings Inc. has postponed its initial public offering originally scheduled for September, Chief Executive Officer Dae Sik Han said, as global uncertainties keep the nation’s stock market among the region’s worst performers.
Hann was planning to raise up to 11.8 billion pesos ($207 million) by selling 500 million common shares at up to 23.60 pesos apiece. There is an option to sell 50 million more secondary shares, the company has said in its prospectus. The offer period had been planned for Sept. 9 to 15, with listing set for Sept. 23.
The deferment was due to ...
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