MACAU, Feb. 07, 2022 (GLOBE NEWSWIRE) — Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class built-in resort positioned in Cotai, Macau, as we speak introduced it has entered into subscription agreements with sure current institutional holders of its odd shares and American Depositary Shares, every representing 4 Class A odd shares (“ADSs”), which maintain, in mixture, over 99% of Studio City’s excellent shares at a value of US$0.75 per Class A odd share or US$3.00 per ADS (the “Studio City International Private Placement”).
Upon the completion of the Studio City International Private Placement, Studio City is anticipated to obtain gross proceeds of roughly US$300 million.
This press launch is neither a suggestion to promote nor the solicitation of a suggestion to purchase any such securities or some other securities and shall not represent a suggestion, solicitation or sale in any jurisdiction in which such providing, solicitation or sale can be illegal. The ADSs and Class A odd shares are being supplied in an providing exempt from registration below the Securities Act of 1933, as amended (the “Securities Act”), and out of doors the United States in reliance on Regulation S below the Securities Act. The ADSs and Class A odd shares haven’t been registered below the Securities Act or any state securities legal guidelines and is probably not supplied or bought in the United States with out registration or an relevant exemption from the registration necessities of the Securities Act or any relevant state securities legal guidelines.
Safe Harbor Statement
This press launch accommodates forward-looking statements. These statements are made below the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Studio City International Holdings Limited (the “Company”) might also make written or oral forward-looking statements in its periodic studies to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to third events. Statements that aren’t historic details, together with statements in regards to the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements contain inherent dangers and uncertainties, and numerous components may trigger precise outcomes to differ materially from these contained in any forward-looking assertion. These components embody, however usually are not restricted to, (i) the worldwide pandemic of COVID-19, attributable to a novel pressure of the coronavirus, and the continued affect of its penalties on our business, our business and the worldwide economy, (ii) progress of the gaming market and visitations in Macau, (iii) capital and credit score market volatility, (iv) native and international financial circumstances, (v) our anticipated progress methods, (vi) gaming authority and different governmental approvals and rules, (vii) proposed amendments to the gaming regulation in Macau, the extension of present concessions and subconcessions and tender for brand new gaming concessions, and (viii) our future business improvement, outcomes of operations and monetary situation. In some circumstances, forward-looking statements could be recognized by phrases or phrases equivalent to “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, “intend”, “plan”, “believe”, “potential”, “continue”, “is/are likely to” or different comparable expressions. Further info concerning these and different dangers, uncertainties or components is included in the Company’s filings with the SEC. All info offered in this press launch is as of the date of this press launch, and the Company undertakes no obligation to replace such info, besides as required below relevant regulation.
About Studio City International Holdings Limited
The Company, with its American depositary shares listed on the New York Stock Exchange (NYSE: MSC), is a world-class built-in resort positioned in Cotai, Macau.
For funding neighborhood, please contact:
Robin Yuen
Director, Investor Relations
Tel: +852 2598 3619
Email: [email protected]
For media enquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email: [email protected]
