Melco International ( (HK:0200) ) has shared an update.
Melco International Development Limited announced the termination of its joint venture cooperation agreement with Agile JV Parties for land development in Zhongshan due to unmet provisions. The company has initiated arbitration proceedings to seek compensation and has recorded an impairment of HK$104,171,000 on investment costs related to the project.
More about Melco International
Melco International Development Limited is a company incorporated in Hong Kong, primarily engaged in the development and operation of integrated entertainment resorts. The company focuses on the leisure and entertainment industry, providing a range of services and experiences to its market.
YTD Price Performance: -2.50%
Average Trading Volume: 3,765
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $800.8M
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