MGM China<\/a><\/em><\/strong> 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%.<\/p>\n\n\n\nA couple of weeks ago, Pansy Ho sold $140.2 million worth of shares she had in MGM China\u2019s parent company, MGM Resorts International, reducing her stake from 3.13% to 2.26%. <\/p>\n\n\n\n
After she sold her stakes in November, she explained that it was a personal decision because she wanted to rebalance her investment portfolio. \u201cIt 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\u201d, she said.<\/p>\n\n\n\n
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. <\/p>\n\n\n\n
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.
<\/p>\n","protected":false},"excerpt":{"rendered":"
As far as investors go, Ho is still the individual with the largest amount of holdings<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Pansy Ho, co-chair of MGM China, reduced her stake in MGM Resorts International, citing personal portfolio rebalancing, though she remains the largest individual shareholder in MGM China. Concurrently, Simon Meng was appointed as an independent non-executive director to MGM China's board and key governance committees.","focusai_entities":"Pansy Ho Chiu King, MGM China, MGM Resorts International, Simon Meng","focusai_location":"China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Ho's Portfolio Strategy","query":"What are the broader implications of Pansy Ho's portfolio rebalancing for MGM China's strategic direction and potential future capital allocation?"},{"label":"Meng's Board Impact","query":"How might Simon Meng's appointment as an independent non-executive director influence MGM China's corporate governance framework and committee effectiveness?"}],"footnotes":""},"categories":[160,16338,163],"tags":[96,227,1618],"class_list":["post-1746","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-asia","tag-china","tag-mgm-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=1746"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1746\/revisions"}],"predecessor-version":[{"id":1748,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1746\/revisions\/1748"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=1746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=1746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=1746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}