{"id":9021,"date":"2025-04-28T07:22:25","date_gmt":"2025-04-28T07:22:25","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/04\/28\/melco-international-to-raise-over-100-million-dollars-through-rights-issue\/"},"modified":"2025-04-28T07:22:25","modified_gmt":"2025-04-28T07:22:25","slug":"melco-international-to-raise-over-100-million-dollars-through-rights-issue","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/04\/28\/melco-international-to-raise-over-100-million-dollars-through-rights-issue\/","title":{"rendered":"Melco International to Raise Over 100 Million Dollars Through Rights Issue"},"content":{"rendered":"<div>\n<p>Melco International Development Ltd, listed on the Hong Kong Stock Exchange, is preparing to raise as much as HKD781.1 million (about US$100.7 million). The casino group\u2019s parent company announced a rights issue involving up to 759,350,377 new shares. Current shareholders will be able to buy one new share for every two existing shares at a subscription price of HKD1.0286 each.<\/p>\n<hr>\n<p><strong><em>Good to know<\/em><\/strong><\/p>\n<ul>\n<li><strong><em>Melco International plans to raise over HKD781 million through a rights issue.<\/em><\/strong><\/li>\n<li><strong><em>Shareholders will have the chance to maintain their ownership levels by participating.<\/em><\/strong><\/li>\n<li><strong><em>The move is focused on strengthening the balance sheet and reducing existing debt.<\/em><\/strong><\/li>\n<\/ul>\n<hr>\n<p>Controlled by entrepreneur Lawrence Ho Yau Lung, Melco International made clear that the decision is centered on improving its financial position. According to a stock exchange filing made at the end of last week, proceeds from the rights issue will help the company pay off part of an outstanding credit facility, due for repayment later this year, along with related interest costs.<\/p>\n<p>The company explained its approach by stating, <em>\u201cIn light of the company\u2019s current capital structure, the board considers that it is appropriate to raise new capital in the form of equity to pay down a portion of the company\u2019s existing debt, strengthen its balance sheet and enhance the capital structure for long-term development.\u201d<\/em><\/p>\n<p>Looking at the available options, Melco International said it had evaluated multiple fundraising strategies. Eventually, it chose the rights issue route, arguing that it offers a fair opportunity for all shareholders to maintain their stakes while participating in the company\u2019s future growth. The company noted that the rights issue would also allow qualifying shareholders the option to sell their entitlements in the open market if they prefer to realize cash instead.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Financial figures shared in Friday\u2019s filing revealed that Melco International\u2019s total assets were around HKD84.75 billion at the end of last year. Meanwhile, outstanding interest-bearing borrowings, after accounting for deferred financing costs and debt modification adjustments, reached about HKD60.69 billion.<\/p>\n<p>The company\u2019s gearing ratio, which measures financial leverage, has climbed to 71.6 percent. That marks a sharp rise from 42.4 percent recorded as of June 30, 2019. The board\u2019s decision to move forward with equity fundraising reflects a focus on addressing this higher debt level and positioning the business for longer-term stability.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/melco-international-plans-new-100m-share-issue\/\">Melco International to Raise Over 100 Million Dollars Through Rights Issue<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Melco International Development Ltd, listed on the Hong Kong Stock Exchange, is preparing to raise as much as HKD781.1 million (about US$100.7 million). The casino group\u2019s parent company announced a rights issue involving up to 759,350,377 new shares. Current shareholders will be able to buy one new share for every two existing shares at a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9021","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9021"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9021\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}