HK first establishes disclosure for US issuers

Author: | Published: 1 Nov 2009
The new Hong Kong rules are very flexible

In a deal that could provide the structure for more US-based companies to list in Hong Kong, Wynn Resorts has successfully completed an initial public offering for its subsidiary Wynn Macau thanks to flexible disclosure requirements.

Wynn Macau’s $1.87 million offering was the first by a US-based company on the main board. With the Hong Kong exchange keen to reinforce its market appeal, those involved in the Wynn deal expect more US offerings will be encouraged:

“The Hong Kong exchange is keen to...