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Melco Crown Entertainment Ltd. (NASDAQ:MPEL): Current Price: $19.55
The company hopes to raise between $175 million to $450 million by selling up to 1.2 billion shares in its Philippine unit, according to Macau Business, citing unidentified sources from The Philippine Star. The money generated from the share sale is to be used to assist in funding the construction of the Belle Grande Manila Bay casino resort, which is a joint venture.
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