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Lawrence Ho raises shareholding in Melco

Published

6 years ago

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Melco Switches Focus to Yokohama, Withdraws from Osaka Bid
Photo Source: japantimes.co.jp
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Lawrence Ho, Chairman and CEO of Melco Resorts and Entertainment, has raised his stakes in the company by about3 per cent.

The company’s board has approved the repurchase of ordinary shares. The company’s latest filing to Nasdaq reealed the news. Now Ho, along with majority shareholder Melco International Development and Melco International subsidiary Melco Leisure and Entertainment, holds 53.8 per cent stakes in the company.

“Ho may be deemed to beneficially own an aggregate of 829,115,396 ordinary shares of Melco International, representing approximately 54.05 per cent of Melco International’s ordinary shares outstanding,” the filing said.

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