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Stock Market & Financial Investment News

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November 26, 2013
08:01 EDTIKGHIao Kun Group provides update on Hong Kong listing
Iao Kun Group announced that the company has engaged Rothschild (Hong Kong) Limited as the new sponsor for its dual listing application in Hong Kong. The company will file a formal listing application to the Hong Kong Stock Exchange for the listing of and permission to deal in its securities as soon as practicable after completing the necessary procedures in connection with the preparation for its dual listing application in compliance with the latest rules and regulations of the Hong Kong Stock Exchange governing listing applications. The procedures include the sponsor completing an independent due diligence in connection with the company’s listing application, which includes interviewing the company’s management, customers and suppliers and reviewing material financial information of the company, and the company’s auditors completing the company’s audited financial statements for the track record period to comply with the listing requirements in Hong Kong. Subject to any applicable regulatory requirements, the company will keep shareholders updated on the progress of its dual listing application. The company takes this opportunity to reiterate that it remains fully committed to the dual listing exercise and will continue to dedicate the requisite level of resources towards achieving this exercise.
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