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realfast95

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realfast95

Re: None

Friday, 09/27/2013 5:45:04 PM

Friday, September 27, 2013 5:45:04 PM

Post# of 627
Banker’s death may delay junket operator’s listing

Posted: 9/23/2013 12:13:23 PM


Asia Entertainment and Resources Ltd’s listing in Hong Kong could be delayed until the first or second quarter of next year by the death of the lead banker, Sterne Agee says.

Analyst David Bain says the lead banker must verify the due diligence. If the information is incomplete or inaccurate, the listing may be delayed.

Also, if the listing application is not approved before the end of this year, the company will need to complete a full-year audit before listing, which may cause a delay.

http://www.macaubusiness.com/news/banker%E2%80%99s-death-may-delay-junket-operator%E2%80%99s-listing.html
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