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Taiwan-backed casino to raise $100 mln in Vietnam IPO
The Taiwan-backed Royal International Corp, operator of Vietnam's biggest casino Halong Casino, aims to raise about US$100 million from its debut listing on July 20, a company official said on Thursday.
"Our expectation is that the shares would be traded on Ho Chi Minh Stock Exchange at about VND200,000 each on the first day of trading," Tran Trong Nghia, the company's head of equitization, told Reuters.
He said the 8 million shares to be listed have a face value of VND10,000 each and account for nearly 23 percent of the firm's total stake.