CPH Crown Holdings and Melco Resorts to terminate Share Sale Agreement

  • Feb 07, 2020 AEDT
  • Team Kalkine

One of Australia’s largest entertainment groups, Crown Resorts Limited (ASX: CWN) announced that CPH Crown Holdings Pty Limited and Melco Resorts & Entertainment Limited have decided to terminate the share sale agreement pertaining to the sale of 19.99% of the issued capital of Crown to Melco.

The termination would be of the sale of the second tranche of Crown shares and the Company has received a deed from CPH.

CWN was trading at $11.65, up by 0.3% on the ASX at 1:08 PM AEST.

 

 

 

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