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- Release Date: 23/05/14 19:11
- Summary: GENERAL: MCK: Update on proposed listing of First Sponsor Group Limited
- Price Sensitive: No
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MCK
23/05/2014 17:11
GENERAL
REL: 1711 HRS Millennium & Copthorne Hotels New Zealand Limited
GENERAL: MCK: Update on proposed listing of First Sponsor Group Limited
Further to our announcement on 23 April 2014, MCK advises that First Sponsor
Group Limited ("FSGL") has today lodged its preliminary prospectus with the
Monetary Authority of Singapore ("MAS") (the "FSGL Preliminary Prospectus").
A copy of the FSGL Preliminary Prospectus is attached to this announcement.
Under Singaporean securities law, a preliminary prospectus is not a final
prospectus and is subject to change (including as a result of any comments
that are received from MAS).
FSGL's press release confirming lodgment is included with this announcement.
Lodgment of the FSGL Preliminary Prospectus with MAS is another step forward
in the process for FSGL to list on the Singapore Exchange Securities Trading
Limited (the "Proposed FSGL IPO"). However, it does not mean that the
Proposed FSGL IPO will definitely proceed.
If the Proposed FSGL IPO is to proceed, it is likely that the listing would
occur in the third quarter of this year. The Proposed FSGL IPO is yet to be
confirmed and will be subject to, among other things, financial market
conditions and the receipt of all requisite regulatory and other approvals.
MCK also advises that no decision has yet been made as to whether (or when)
the possible capital return referred to in its announcement on 23 April will
take place.
Further announcements will be made by MCK in due course.
ENDS
Enquiries: Millennium & Copthorne Hotels New Zealand Limited (09) 353 5058
Takeshi Ito
Group Company Secretary
End CA:00250841 For:MCK Type:GENERAL Time:2014-05-23 17:11:18
