Silver Heritage set to resume trading in ASX

Australian-listed casino operator Silver Heritage Group Ltd. is set to resume trading in the Australian Stock Exchange after a four month hiatus.

In a statement on Tuesday, the Australian bourse announced that the suspension of trading in Silver Heritage shares “will be lifted immediately” following the gaming firm’s decision to launch a fully underwritten accelerated renounceable entitlement offer.

Last week, the casino operator announced that it will issue an entitlements offer, estimated to be worth $40 million, in order to raise new capital for its unfinished Tiger Palace Resort in Nepal.

Silver Heritage was last seen in action in the Australian bourse on February 27.