Millennium and Copthorne mulls capital return if First Sponsor float proceeds

Millennium and Copthorne mulls capital return if First Sponsor float proceeds
By Paul McBeth Apr. 23 (BusinessDesk) - Millennium & Copthorne Hotels New Zealand, which operates 22 hotels across the country, is mulling a capital return if the float of Chinese investment First Sponsor Group goes ahead. The Singapore Exchange has issued an eligibility to list letter for the proposed initial public offering, which will probably be in the third quarter if it proceeds, the Auckland-based company said in a statement. "In connection with the proposed FGSL (First Sponsor Group) IPO (and as mentioned in the offer document for o...