The Hong Kong Stock Exchange has given the green light for a new share issuance by Palasino Holdings Ltd, a newly-listed subsidiary of developer Far East Consortium (FEC), with the issuance aiming to raise some $2 million.

Palasino Holdings, a Czech gaming and entertainment company and a subsidiary of the Far East Consortium, plans to raise approximately HK$323.4 million ($41.4 million) through its initial public offering (IPO) of shares.

Hong Kong Stock Exchange-listed Far East Consortium (FEC) has announced the proposed date for the spin-off of its Czech Republic casino subsidiary: March 11th.

Hong Kong-listed real estate giant and gaming operator Far East Consortium (FEC) is planning to spin-ff one of its subsidiaries on the bourse, with a public and international offering of shares.