Melco Crown Entertainment’s shares will be withdrawn from the Hong Kong Stock Exchange (HKEx) on Monday, as conditions for delisting have all been satisfied on June 26, 2015.
“The last day of dealings in the shares on the Stock Exchange is on Monday, June 29, 2015, and the listing of the shares on the main board of the Stock Exchange will be withdrawn effectively at 4pm on Friday, July 3, 2015,” the company said in its latest regulatory filing.
In January 2, Melco Crown Entertainment Limited submitted the application for the voluntary withdrawal of their shares from HKSE, citing the reason that “appropriate opportunities to raise additional equity in Hong Kong have not arisen and the volume of trading in the shares on the stock exchange remains very limited.”
The shareholders had overwhelmingly approved the move in March.