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Melco Resorts secures ownership of group trademarks via purchase of subsidiary from parent company
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Melco Resorts secures ownership of group trademarks via purchase of subsidiary from parent company
Macau concessionaire Melco Resorts & Entertainment has purchased from its parent company the entity that holds the group’s trademarks and intellectual property. In a filing, Hong Kong-listed Melco International Development Ltd said it had reached an agreement to sell its wholly-owned subsidiary MI IP Licensing Services 1 Limited to Melco Resorts-owned MCO (IP) Holdings Limited for US$375 million. The target entity will become a wholly-owned sub…
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