MGM hires 5 banks for planned $500 mln HK listing-sources

HONG KONG, March 30 (BestGrowthStock) – Casino company MGM Mirage
(MGM.N: ) has hired five banks for its roughly $500 million Hong
Kong listing of its Macau operations, sources with direct
knowledge of the situation told Reuters on Tuesday.

BNP Paribas (BNPP.PA: ), Bank of America-Merrill Lynch (BAC.N: ),
HSBC (HSBA.L: ), JP Morgan (JPM.N: ) and Morgan Stanley (MS.N: ) (Read more about the money market today. ) have
won the mandate for the long-awaited deal, sources said.

The banks mentioned either declined to comment or were not
immediately available.

The sources declined to be identified because the details
have not been officially announced.

If the planned float proceeds, it would be the third U.S.
casino marquee name since November to float its Macau operations
on the Hong Kong stock exchange.

Stock Market News

(Reporting by Kennix Chim; Editing by Denny Thomas and Ken
Wills)

MGM hires 5 banks for planned $500 mln HK listing-sources