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SJM Plans HK Share Offering

HONG KONG – As reported by the Dow Jones: "A Macau casino operator controlled by gaming mogul Stanley Ho is seeking to list on the Hong Kong stock exchange, the Hong Kong Economic Journal reports.

"Citing sources, the newspaper says that Sociedade de Jogos de Macau, SA, or SJM - which holds one of Macau's three gaming concessions to operate casinos in the city - has been reorganizing the company's businesses and has formed a holding company in preparation for its proposed listing.

"SJM will need to secure approval from the Macau government before it can proceed with its listing, the report says. Any changes over 5% in the shareholding structure of a casino concession holder must receive regulatory approval…"

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