Studio City International Holdings Limited Provides an Update on Proposed Initial Public Offering
20 August 2018 - 10:31PM
Studio City International Holdings Limited (“
Studio
City”), the Hollywood-inspired cinematically-themed
integrated entertainment, retail and gaming resort, today provides
an update to its announcement made on August 14, 2017 regarding the
confidential submission of a draft registration statement for the
proposed initial public offering (“
IPO”) of
American Depositary Shares (“
ADSs”) representing
ordinary shares of Studio City. Studio City has been continuing its
preparations for the proposed IPO, which is expected to commence as
market conditions permit and remains subject to the U.S. Securities
and Exchange Commission (“
SEC”) declaring the
registration statement effective. The ADSs may not be sold nor may
offers to buy be accepted prior to the time the registration
statement becomes effective.
This announcement is being made pursuant to and
in accordance with Rule 135 under the U.S. Securities Act of 1933,
as amended. As required by Rule 135, this announcement does not,
and is not intended to, constitute an offer to sell or a
solicitation of an offer to purchase any securities in the United
States or elsewhere, and it does not, and is not intended to,
constitute an offer, solicitation or sale of any securities in any
state or jurisdiction in which such an offer, solicitation or sale
would be unlawful.
Safe Harbor StatementThis press
release contains forward-looking statements. These statements are
made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Statements that are not
historical facts, including statements about Studio City’s beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a number
of factors could cause actual results to differ materially from
those contained in any forward-looking statement. These factors
include, but are not limited to, (i) growth of the gaming market
and visitation in Macau, (ii) capital and credit market volatility,
(iii) local and global economic conditions, (iv) Studio City’s
anticipated growth strategies, (v) gaming authority and other
governmental approvals and regulations and (vi) our future business
development, results of operations and financial condition. In some
cases, forward-looking statements can be identified by words or
phrases such as “may”, “will,” “expect,” “anticipate,” “target,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,”
“continue,” “is/are likely to” or other similar expressions.
Further information regarding these and other risks, uncertainties
or factors is included in Studio City’s or its affiliates’ filings
with the SEC. All information provided in this press release is as
of the date of this press release, and Studio City does not
undertake any duty to update such information, except as required
under applicable law.
For investment community, please
contact:Richard HuangDirector, Investor RelationsTel: +852
2598 3619Email: richardlshuang@melco-resorts.com
For media enquiry, please
contact:Chimmy LeungExecutive Director, Corporate
CommunicationsTel: +852 3151 3765Email:
chimmyleung@melco-resorts.com
Melco Resorts and Entert... (NASDAQ:MLCO)
Historical Stock Chart
From Apr 2024 to May 2024
Melco Resorts and Entert... (NASDAQ:MLCO)
Historical Stock Chart
From May 2023 to May 2024