According to China Government's Liaison Office in Macau announced that the State Council has approved the new opening time arrangements for three borders connecting Macau with Zhuhai from 18 December. The research house believes the policy for the Hengqin Border to be operational for 24 hours reflects the central government's support for the long-term development of Macau's gaming industry, which is expected to boost up visitor traffic. Cotai operators (Sands, Galaxy, Melco) will be benefited from the new border policy. Moreover, it is expected that MELCO CROWN (06883.HK) +1.700 (+2.628%) Short selling $381.27K; Ratio 7.636% 's Studio City project will benefit the most from the tourist flows as its location is right beside the border gate of Hengqin.
Hopewell Hold (00054) sells Hopewell Infr stake for $9.9B Hopewell Holdings (00054) has agreed to sell 2.055 billion shares of Hopewell Highway Infrastructure (00737) , representing 66.69% of the issued share capital of the company, to Shenzhen Investment International Capital Holdings Infrastructure Co. to HK$9.865 billion in cash, or HK$4.8 per share, which has a discount of 3.61% to the closing price of HK$4.98 per share on 29 December 2017. Upon completion of the deal, the purchaser and parties acting in concert with it will own a total of 66.69% stake in Hopewell Highway Infrastructure and the purchaser will be required to make an unconditional mandatory cash offer for all other issued shares of Hopewell Highway Infrastructure also at HK$4.8 per share. The total consideration of the offer will be HK$4.927 billion assuming full acceptance of the offer. The offeror intends to maintain Hopewell Highway Infrastructure's share listing following the close of...
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