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by Stockwatch Business Reporter

The TSX Venture Exchange fell nine points to 653.37 Wednesday. Lawrence Ho's capital pool shell, Maple Peak Investments Inc. (MAP: $0.205), has filed a management information circular for its special meeting, which will be held on May 25 in Vancouver. At the meeting, the shell will seek minority shareholder approval for its non-arm's-length qualifying transaction. Maple Peak plans to become an investment issuer with two initial investments, Melco International Development Ltd. and MelcoLot Ltd., both of which are holding companies controlled by Hong Kong casino billionaire Mr. Ho. For its QT, Maple Peak will acquire $2,375,000 worth of shares in Melco International and $125,000 worth of shares in MelcoLot. The shell had $4.9-million cash on Jan. 31, 2016.

The first target, Melco International, holds interests in gambling, leisure-related services (such as hotel catering) and property development. It is listed on the Stock Exchange of Hong Kong (SEHK) and last closed at $8.68 (Hong Kong). Melco International owns 64.8 per cent of Nasdaq-listed Entertainment Gaming Asia Inc. (EGT: $1.81 (U.S.)), which leases gaming machines to casinos in Cambodia and the Philippines. Two weeks ago, Entertainment Gaming announced a plan to divest a subsidiary, gaming chip manufacturer Dolphin Products Ltd., for $5.9-million (U.S.). QT target Melco International also controls 37.9 per cent of Nasdaq-listed Melco Crown Entertainment Ltd. (MPEL: $15.12 (U.S.)), which operates three hotels in Macau and one in the Philippines. Currently, Melco Crown is bidding for a casino licence in Cyprus.

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