MGM China Holdings (HK:2282) has released an update.
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MGM China Holdings Limited has announced an upward revision of the annual caps for license fees due to an expected increase in consolidated gross monthly revenues for the fiscal years ending in 2024 and 2025. This adjustment is a consequence of the Third Renewed Branding Agreement, which is calculated as 1.75% of the company’s monthly revenues. The revision follows the company’s compliance with the Listing Rules for connected transactions, although the transactions remain exempt from independent shareholder approval requirements.
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