MCE (Philippines) Investments Ltd. has infused P2.7 billion in fresh capital into its Philippine subsidiary, Melco Crown (Philippines) Resorts Corp., to support the latter’s investment in its subsidiary which operates City of Dreams Manila.
In a disclosure to the Philippine Stock Exchange, Melco Crown Philippines said its board of directors approved on Thursday MCE’s subscription to 693.5 million common shares in Melco Crown Philippines at P3.90 per share via a private placement.
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