Melco International (HK:0200) has released an update.
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Melco International Development Limited has announced that its subsidiary, Melco Resorts & Entertainment Limited, will initiate a new $500 million share repurchase program, effective from 2 June 2024. This program replaces the previous 2021 Share Repurchase Program, allowing the company to buy back shares and American depositary shares over the next three years. The repurchases will be made based on market conditions and other factors, with the company retaining the flexibility to suspend, modify, or terminate the program.
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