Scientific Game

Asia Pioneer Entertainment commences trading on Hong Kong Stock Exchange

Thursday, 16 November 2017 06:37
Share
Visit us

Macau-based electronic gaming machine supplier Asia Pioneer Entertainment Holdings Limited (APE) has successfully commenced trading on the Hong Kong Stock Exchange following the completion of an initial public offering.

APE announced that it had actively begun trading on the Growth Enterprise Market of the Hong Kong Stock Exchange at 09:00 on Wednesday morning, with a total volume of 179 million shares representing an aggregate turnover of approximately HK$75.50 million. Shares closed the day at HK$0.31 per share. 

The IPO and listing is part of APE’s plan to expand its business outside Macau and further across Asia.

It describes its services as being the technical sales and distribution of electronic gaming equipment to casino operators, the provision of consulting services to manufacturers of electronic gaming equipment and the provision of off-site repair and refurbishment services to casino operators.

“The successful listing on the GEM of Hong Kong Stock Exchange reveals a new chapter for APE, which is a remarkable milestone for the company,” said Chairman, Executive Director and Compliance Officer of APE, Allen Huie.

“This listing enables the company to tap into the international capital market, which will not only enhance our capital strength, but also further strengthen our leading position in the industry and will accelerate the next stage of the company’s development. With the support of the capital market, our own capabilities in business development and the emerging market demand for Electronic Gaming Equipment, we are confident in maintaining the company’s steady growth in the future and maximizing returns for investors.” 

APE preceded Wednesday’s listing by offering a total of 250 million shares comprising 25 million public offer shares and 225 million placing shares at an offer price between HK$0.24 and HK$0.36 per offer share.

The company later celebrated the commencement of trading with a ceremony attended by Inside Asian Gaming at its booth on the exhibition floor of the MGS Entertainment Show, which concludes later today.

 

What's new

Australian gaming shake-up looms as Tasmanian party vows to ban slot machines from state pubs and clubs

Australian gaming shake-up looms as Tasmanian party vows to ban slot machines from state pubs and clubs Australia’s gaming landscape could be set for a major shift with Tasmania’s opposition party announcing it would ban slot machines from pubs and clubs in the Australian state if it wins next year’s state election. In a shock announcement on Wednesday, Tasmanian Labor leader Rebecca White said... Thursday, 14 December 2017 06:07

Aristocrat names new Chief Financial Officer

Aristocrat names new Chief Financial Officer Aristocrat Leisure Limited has announced Julie Cameron-Doe as the company’s new Chief Financial Officer (Elect), subject to regulatory approvals. Cameron-Doe replaces Toni Korsanos, who recently announced her departure and will join the board of Crown Resorts. In a filing to the Australian Securi... Thursday, 14 December 2017 05:40

Marina Bay Sands tops list of world’s most Instagrammed hotels

Marina Bay Sands tops list of world’s most Instagrammed hotels Singapore’s Marina Bay Sands has been revealed as the most Instagrammed hotel in the world. The iconic hotel topped the official list unveiled by Instagram last week, with the more than one million images uploaded enough to beat out other globally recognized landmarks such as the Bellagio and Ven... Thursday, 14 December 2017 05:28

Japan Gaming Congress announces 2018 dates

Japan Gaming Congress announces 2018 dates The dates of the 2018 Japan Gaming Congress (JgC) have been confirmed, with the conference set to be held at Conrad Tokyo on 10 and 11 May 2018. The JgC returns for a third time after a hugely successful 2017 which was buoyed by the passing of the IR Promotion Bill last December. With the gambling ... Thursday, 14 December 2017 05:04

Current Issue

2017 Inside Asian Gaming Power 50: Meet the Selection Panel

2017 Inside Asian Gaming Power 50: Meet the Selection Panel Andrew W Scott CEOInside Asian Gaming Inside Asian Gaming’s CEO first entered a casino in 1986, fell in love with the surrounds and has been around them ever since. Andrew founded World Gaming Group and launched WGM in 2009, took over IAG in 2015, debuted a third magazine called High Life in ... Tuesday, 05 December 2017 19:28

2017 Inside Asian Gaming Power 50: Ten Years On

2017 Inside Asian Gaming Power 50: Ten Years On A decade of making the Asian Gaming Power 50 By Andrew W ScottIAG Asian Gaming Power 50 selection panel Chairman EVERY year for the last decade, Inside Asian Gaming has completed a task that is fascinating, exhilarating, intellectually stimulating and industry-defining whilst simultaneously bei... Tuesday, 05 December 2017 19:12

2017 Inside Asian Gaming Power 50: Number 19 -  James Murren

2017 Inside Asian Gaming Power 50: Number 19 - James Murren 19 James Murren CHAIRPERSON AND EXECUTIVE DIRECTORMGM China Holdings POWER SCORE1,165 LAST YEAR12 CLAIMS TO FAME • Chairman of the world’s second largest casino company • Credited with keeping MGM Resorts afloat during the GFC If the strong domestic results achieved by MGM China’s pa... Tuesday, 05 December 2017 14:44

2017 Inside Asian Gaming Power 50: Number 18 - Chen Lip Keong

2017 Inside Asian Gaming Power 50: Number 18 - Chen Lip Keong 18 Chen Lip Keong CEO AND EXECUTIVE DIRECTORNagaCorp POWER SCORE1,234 LAST YEAR20 CLAIMS TO FAME • Casino monopoly within 200 kilometers of Phnom Penh runs to 2035, license to 2065. • Owns 65% of first gaming company ever listed in Hong Kong • NagaWorld extension Naga2 debuted in Novemb... Tuesday, 05 December 2017 14:39