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MGM China Holdings ( (HK:2282) ) has issued an announcement.
MGM China Holdings Limited has announced a revision of its annual caps for continuing connected transactions under the Fourth Renewed Master Service Agreement with Shun Tak Group. This revision is due to an anticipated increase in demand for offsite gaming accommodation, leading to higher room purchases by MGMGP than initially expected. The revised caps reflect the company’s strategic response to market demands, ensuring compliance with the Hong Kong Stock Exchange’s Listing Rules, and highlight the interconnected business interests of key stakeholders, including substantial shareholder Ms. Pansy Ho.
The most recent analyst rating on (HK:2282) stock is a Buy with a HK$18.70 price target. To see the full list of analyst forecasts on MGM China Holdings stock, see the HK:2282 Stock Forecast page.
More about MGM China Holdings
MGM China Holdings Limited operates in the hospitality and gaming industry, focusing on providing luxury accommodations and gaming experiences. The company is known for its integrated resorts and casinos, primarily targeting the Macau market.
Average Trading Volume: 9,543,660
Technical Sentiment Signal: Buy
Current Market Cap: HK$61.64B
For detailed information about 2282 stock, go to TipRanks’ Stock Analysis page.