Imperial Pacific to issue bonus shares

Hong Kong-listed Imperial Pacific International Holdings announced that it will issue 127.7 billion bonus shares on July 3.

On June 17, shareholders approved the issue on the basis of 15 bonus shares for every one existing share held by qualifying shareholders, the company said in a filing.

“As at the Record Date, the number of Shares in issue was 8,514,925,480. Under the Bonus Issue, a total of 127,723,882,200 Bonus Shares are expected to be issued on Friday, 3 July 2015.”

Imperial Pacific said in a filing earlier this month that it would launch and operate a “temporary casino” on the Pacific island of Saipan in the third quarter of 2015.