Industry News

Lawrence Ho repurchase more shares in Melco

Published

6 years ago

February 28, 2019

Niji Narayan

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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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.