Stockbrokers are seeking investors to introduce to initial public offering-hopeful Silver Heritage Group, with management set to do the rounds with institutions next week.
Stockbrokers are seeking investors to introduce to initial public offering-hopeful Silver Heritage Group, with management set to do the rounds with institutions next week.
Silver Heritage is seeking to raise $27.5 million through the sale of shares at 40¢ each.
If successful, the company would listing with a $78.6 million market capitalisation in late July according to terms sent to potential backers.
Silver Heritage is a Hong Kong-based casino manager and owner with operations in Cambodia, Laos, Nepal and Vietnam.
The company is seeking fresh funds to repay a bond, develop costs and pay for the IPO.
Silver Heritage management, including chief executive officer Mike Bolsover and chief financial officer Martin Wright, are expected to front potential investors next week.
Existing investors include Regal Funds Management, GZ Fund LLC and directors/management. Street Talk reported on Sunday that Silver Heritage was dusting off its IPO plans.
CLSA is leading the deal, while Baillieu Holst is a co-lead manager.
