Iao Kun Group Holding requests HK listing

    Iao Kun Group Holding, an operator of VIP rooms in Macau, said it has submitted an application to apply for a listing on the main board of the Hong Kong Stock Exchange.
    The company, which is already listed on the Nasdaq in the U.S., said its Form A1 application is subject to an initial three-day review. If accepted, the application will move to a detailed vetting procedure.
    On Wednesday the group said it had released two of its executives from an obligation to guarantee a company loan, increasing the financial independence of the business, a prerequisite for listing.
    Iao Kun shares were trading lower on Nasdaq on Thursday and have moved in a 52-week range of $2.57 – $4.37.