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Lawrence Ho repurchase more shares in Melco

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6 years ago

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Lawrence Ho repurchase more shares in Melco
Photo Source: agbrief.com
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Lawrence Ho, the Chairman and CEO of Melco Resorts and Entertainment, has increased his stake in the company by approximately 1 per cent. Now, he is having 55.8 per cent holding in Melco.

The company announced that Mr. Ho now holds 770,477,237 shares. There are another 4,596,981 ordinary shares available for him to buy, in addition to a further 217,140 restricted shares pursuant to Melco’s incentive plan.

In November 2018, a filing to Nasdaq showed that Ho, along with majority shareholder Melco International Development and Melco International Subsidiary, Melco Leisure and Entertainment, increased their stake to 54.6 per cent after a share repurchase.

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