Melco International Development's Subsidiary Repurchases Shares for $45 Million

MT Newswires Live08-19

Melco International Development's (HKG:0200) subsidiary Melco Resorts & Entertainment repurchased its 8,335,364 American depository shares on the open market for $44.5 million in cash, a Friday filing with the Hong Kong Exchange said.

Melco Resorts was authorized to repurchase its shares on the market over a three-year period for up to $500 million on June 3, after the expiry of its 2021 Share Repurchase program on June 1.

The consideration was financed by the group's liquidity funds and paid by Melco Resorts. If Melco Resorts cancels the repurchased shares, it would increase the company's holding of the resort's outstanding share capital to 52.7%.

Price (HKD): $4.19, Change: $+0.020, Percent Change: +0.48%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2460082619?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-19 19:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2460082619","market":"fut","top_or_hot":-1,"title":"Melco International Development's Subsidiary Repurchases Shares for $45 Million","media":"MT Newswires Live","content":"<html><body><p> Melco International Development's (HKG:0200) subsidiary Melco Resorts &amp; Entertainment repurchased its 8,335,364 American depository shares on the open market for $44.5 million in cash, a Friday filing with the Hong Kong Exchange said.</p><p>Melco Resorts was authorized to repurchase its shares on the market over a three-year period for up to $500 million on June 3, after the expiry of its 2021 Share Repurchase program on June 1.</p><p>The consideration was financed by the group's liquidity funds and paid by Melco Resorts. If Melco Resorts cancels the repurchased shares, it would increase the company's holding of the resort's outstanding share capital to 52.7%.</p><p>Price (HKD): $4.19, Change: $+0.020, Percent Change: +0.48%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Melco International Development's Subsidiary Repurchases Shares for $45 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMelco International Development's Subsidiary Repurchases Shares for $45 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-19 19:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Melco International Development's (HKG:0200) subsidiary Melco Resorts & Entertainment repurchased its 8,335,364 American depository shares on the open market for $44.5 million in cash, a Friday filing...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2460082619","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2460082619","pubTimestamp":1724065822,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Melco International Development's  subsidiary Melco Resorts & Entertainment repurchased its 8,335,364 American depository shares on the open market for $44.5 million in cash, a Friday filing with the Hong Kong Exchange said.Melco Resorts was authorized to repurchase its shares on the market over a three-year period for up to $500 million on June 3, after the expiry of its 2021 Share Repurchase program on June 1.The consideration was financed by the group's liquidity funds and paid by Melco Resorts. If Melco Resorts cancels the repurchased shares, it would increase the company's holding of the resort's outstanding share capital to 52.7%.Price : $4.19, Change: $+0.020, Percent Change: +0.48%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","HKD":"尚乘数科","BK4588":"碎股","BK4023":"应用软件","BK1172":"赌场与赌博","00200":"新濠国际发展","BK4526":"热门中概股"},"translate_title":"新濠国际发展子公司以4500万美元回购股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HKD":1,"00200":0.9},"content_text":"Melco International Development's (HKG:0200) subsidiary Melco Resorts & Entertainment repurchased its 8,335,364 American depository shares on the open market for $44.5 million in cash, a Friday filing with the Hong Kong Exchange said.Melco Resorts was authorized to repurchase its shares on the market over a three-year period for up to $500 million on June 3, after the expiry of its 2021 Share Repurchase program on June 1.The consideration was financed by the group's liquidity funds and paid by Melco Resorts. If Melco Resorts cancels the repurchased shares, it would increase the company's holding of the resort's outstanding share capital to 52.7%.Price (HKD): $4.19, Change: $+0.020, Percent Change: +0.48%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2460082619"}