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Melco International ( (HK:0200) ) just unveiled an update.
Melco International Development Limited announced the successful completion of its Rights Issue, which offered one Rights Share for every two existing shares. The Rights Issue received strong investor interest, with valid acceptances and applications totaling approximately 1,300.9% of the available shares, indicating significant shareholder support. The company also announced adjustments to its 2012 Share Option Scheme, affecting the exercise price and number of shares due to the Rights Issue. This development is expected to enhance Melco’s financial flexibility and strengthen its market position.
The most recent analyst rating on (HK:0200) stock is a Buy with a HK$5.20 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 involved in the entertainment and leisure industry, focusing on integrated resorts and casino gaming operations. The company is known for its market presence in Asia, particularly in Macau, where it operates several high-profile gaming and entertainment complexes.
YTD Price Performance: -0.72%
Average Trading Volume: 10,622,756
Technical Sentiment Signal: Sell
Current Market Cap: HK$7.51B
See more insights into 0200 stock on TipRanks’ Stock Analysis page.