Studio City Announces Entry Into Agreements in Relation to Private Placement Offers
07 Febrero 2022 - 3:24PM
Studio City International Holdings Limited (NYSE: MSC)
(“
Studio City” or the “
Company”),
a world-class integrated resort located in Cotai, Macau, today
announced it has entered into subscription agreements with certain
existing institutional holders of its ordinary shares and American
Depositary Shares, each representing four Class A ordinary shares
(“
ADSs”), which hold, in aggregate, over 99% of
Studio City’s outstanding shares at a price of US$0.75 per Class A
ordinary 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 expected to receive
gross proceeds of approximately US$300 million.
This press release is neither an offer to sell
nor the solicitation of an offer to buy any such securities or any
other securities and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offering, solicitation or
sale would be unlawful. The ADSs and Class A ordinary shares are
being offered in an offering exempt from registration under the
Securities Act of 1933, as amended (the “Securities Act”), and
outside the United States in reliance on Regulation S under the
Securities Act. The ADSs and Class A ordinary shares have not
been registered under the Securities Act or any state securities
laws and may not be offered or sold in the United States without
registration or an applicable exemption from the registration
requirements of the Securities Act or any applicable state
securities laws.
Safe Harbor Statement
This press release contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Studio City International Holdings Limited (the “Company”)
may also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission
(the “SEC”), in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about the
Company’s beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. These factors include, but are not limited to, (i) the
global pandemic of COVID-19, caused by a novel strain of the
coronavirus, and the continued impact of its consequences on our
business, our industry and the global economy, (ii) growth of the
gaming market and visitations in Macau, (iii) capital and credit
market volatility, (iv) local and global economic conditions, (v)
our anticipated growth strategies, (vi) gaming authority and other
governmental approvals and regulations, (vii) proposed amendments
to the gaming law in Macau, the extension of current concessions
and subconcessions and tender for new gaming concessions, and
(viii) our future business development, results of operations and
financial condition. In some cases, forward-looking statements can
be identified by words or phrases such as “may”, “will”, “expect”,
“anticipate”, “target”, “aim”, “estimate”, “intend”, “plan”,
“believe”, “potential”, “continue”, “is/are likely to” or other
similar expressions. Further information regarding these and other
risks, uncertainties or factors is included in the Company’s
filings with the SEC. All information provided in this press
release is as of the date of this press release, and the Company
undertakes no duty to update such information, except as required
under applicable law.
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
integrated resort located in Cotai, Macau.
For investment community, please contact:Robin
YuenDirector, Investor RelationsTel: +852 2598 3619Email:
robinyuen@melco-resorts.com
For media enquiries, please contact:Chimmy
LeungExecutive Director, Corporate CommunicationsTel: +852 3151
3765Email: chimmyleung@melco-resorts.com
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