MGM China repurchases HK$16m shares amid option exercises

MGM China Holdings repurchased 1 million shares for HK$16.2 million at prices between HK$16.1 and HK$16.25 per share on August 14. The shares will be cancelled under a mandate allowing buybacks of up to 380 million shares.

The company simultaneously increased its issued shares from 3.82 billion to 3.82 billion through share option exercises at prices ranging from HK$4.33 to HK$12.67.