Pansy Ho disposes of entire remaining interest in MGM Resorts in transactions totalling US$140 million

Pansy Ho disposes of entire remaining interest in MGM Resorts in transactions totalling US$140 million

MGM China’s Chairperson and Executive Director Pansy Ho Chiu King has disposed of her entire interest in parent company MGM Resorts International via a series of transactions undertaken since late May. According to filings with the Hong Kong Stock Exchange, Ho offloaded her existing 1.20% stake across five transactions between 28 May and 3 June for a total consideration of US$140.1 million. This comprised the sale of 3,066,157 for between US$42.…

MGM China’s Pansy Ho exits MGM Resorts stake amid takeover interest

Pansy Ho, chairperson and executive director of MGM China, has fully exited her stake in MGM Resorts International following a series of share disposals totaling USD140.1 million, according to filings with the Hong Kong Stock Exchange. The divestment leaves her with no direct interest in the U.S.-based parent company. Ho sold her entire 1.2% holding through five transactions between May 28 and June 3, offloading 3,066,157 shares at prices rangin…

Pansy Ho exits MGM Resorts stake after $140M share sale

Pansy Ho sold her entire MGM Resorts stake for about $140M, exiting the U.S. parent as People Inc.’s takeover bid draws scrutiny. The post Pansy Ho exits MGM Resorts stake after $140M share sale first appeared on Asia Gaming News | AGB - Asia Gaming Brief.