Melco Crown Entertainment Ltd submitted an application for the voluntary withdrawal from the Hong Kong Stock Exchange (HKEx) on January2. The Macau based company announced on Tuesday that over 95% of their shareholders had voted in favor of the plan. To delist they will need approval from the stock exchange. If approved they will stop trading in late June and be removed at the close of business July 3rd.

As reported on January 3rd, the company had experienced low trading volume on the exchange while their stocks fell over 30% in 2014. They first listed on the HKEx in 2011.

The stock fared much better on the US Nasdaq where 2014  trades averaged close to $100 million a day. The company will still be listed on the Nasdaq.

Melco Crown Entertainment Ltd has a market cap of nearly US$14 billion. The company is a joint venture between Hong Kong businessman Lawrence Ho and James Packer. Melco Crown owns City of Dreams Macau.

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