Melco International (HK:0200) has released an update.
Melco International Development Limited has announced that its subsidiary, Melco Resorts & Entertainment Limited, has repurchased a significant number of shares under its Share Repurchase Program. The buyback involved 8,335,364 ADSs, which equals approximately 25,006,092 Melco Resorts shares, for an aggregate cost of about US$44.5 million. This strategic move reflects the company’s confidence in Melco Resorts’ future growth and is in line with their long-term strategy.
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