Wynn Resorts Signed Service Agreements With Wynn Macau
Wynn macau entered into an extended framework agreement with three subsidiars in full ownership of the maternal company wynn resorts, which will allow it to receive a number of services from these companies. The agreement applies to new annual limits established by the board in accordance with framework agreements for 2021, 2022, 2023.
Since related transactions are carried out on conventional commercial conditions and applicable percentage coefficients from 0.1% to 5%, operations are subject to reporting and annual verification, but are exempt from the approval of independent shareholders.
The board of directors found annual limits are fair and intelligent; conditions – the interests of the company and its shareholders in general.
Source: official release wynn macau