Hong-Kong-listed property developer Far East Consortium International is planning to spin off its European-based gaming and leisure business, Palasino Holdings, through an initial public offering in Hong Kong.
The company is proposing a spin off and global offering of 142,857,000 Palasino shares at HK$2.60 per share, representing approximately 17.86 per cent of the total shares in issue.
If the over-allotment option is exercised in full, the Palasino offer shares will represent approximately 20.21 per cent of the [...]
