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Melco International Announces New Hospital Agreement at Studio City

Story Highlights
  • Melco International’s SCRS partners with iRad to operate a hospital at Studio City.
  • The agreement is a connected transaction under Hong Kong’s Listing Rules, requiring reporting.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Melco International Announces New Hospital Agreement at Studio City

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Melco International ( (HK:0200) ) has provided an update.

Melco International’s subsidiary, SCRS, has entered into an agreement with iRad to operate a private hospital specializing in imaging and diagnostic services at the Studio City integrated resort. This agreement, effective from January 2025, is set for an initial period until November 2034, with options for renewal. The transaction is classified as a continuing connected transaction under Hong Kong’s Listing Rules, requiring reporting and annual review but exempt from independent shareholder approval.

The most recent analyst rating on (HK:0200) stock is a Hold with a HK$6.70 price target. To see the full list of analyst forecasts on Melco International stock, see the HK:0200 Stock Forecast page.

More about Melco International

Melco International Development Limited is a company incorporated in Hong Kong, operating in the integrated resort industry. It focuses on providing entertainment and hospitality services, with a market emphasis on luxury resorts and gaming establishments.

Average Trading Volume: 18,246,168

Technical Sentiment Signal: Hold

Current Market Cap: HK$12.28B

See more insights into 0200 stock on TipRanks’ Stock Analysis page.

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