Pansy Ho sold more stakes of MGM China

Pansy Ho sold more stakes of MGM China

As far as investors go, Ho is still the individual with the largest amount of holdings

China.- Some things changed in the last weeks in MGM China but there is something that nowadays seems common. Pansy Ho Chiu King, the chief executive director and co-chair for MGM China, took her holdings down by a 50%.

A couple of weeks ago, Pansy Ho sold $140.2 million worth of shares she had in MGM China’s parent company, MGM Resorts International, reducing her stake from 3.13% to 2.26%. 

After she sold her stakes in November, she explained that it was a personal decision because she wanted to rebalance her investment portfolio. “It is only just a restructuring of my own financial portfolio. But this is only representing a very small proportion of the holdings that I have in the company”, she said.

As far as investors go, Ho is still the individual with the largest amount of holdings. 1.78% of the company amounts to 9.1 million shares, which is the most any single person controls. 

Last month, Simon Meng has been named as the new independent non-executive director of MGM China. Also, he was announced as a member of the Audit Committee, the Nomination and Corporate Governance Committee, and the Remuneration Committee of the company.

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