Lawrence Ho Continues To Increase The Stake In Melco Resorts

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January 28, 2022
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Businessman lawrence ho yau lung increased its stake in asian igor’s business melco resorts and entertainment ltd registered on the nasdaq stock exchange. It expands its participation in the company for the second time in four monhs. Now the share of the ho family in melco resorts has grown to 55.8%.

Lawrence Ho Continues to Increase The Stake in Melco Resorts

Photo source: agbrief.Com

In november last year it was announced that ho incrased its share in the gembling company to 54.6%. As of april 2018, it was 51.06%, according to the annual report filed this month.

Ho personally owns melco resorts shares, as well as indirectly through its interests in melco international development ltd – head company melco resorts registered in hong kong. Since noverber, the share of ho in melco resorts incrased by almost 1.6 million shares, to almost 13.25 million, as evidtenced by the data submitted in the application on thursday.

The total control position of lawrence ho in melco resorts gained benefits from the ongoing campaign program worth $ 500 million, announced by the company in november. Since then, melco resorts bought about 10 million american depository shares, each of which is equivalent to the three shares of the company.

Melco resorts manages a casino in macau and one in the philippines and also works on obtaining a casino license in japan. On tuesday, february 19, the company announced 57.7% earnings in the fourth quarter of 2018.

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