reporting a US$364 million net loss<\/a><\/em><\/strong> in the first quarter of 2020 due to the impact of coronavirus measures.<\/p>\n\n\n\nThe company\u2019s annual general meeting also approved the re-election of Lawrence Yau Lung Ho, Clarence Chung Yuk Man and Ching Wo Ng as executive directors, and the board was authorised to fix their remunerations.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Melco had suspended its quarterly dividend programme after reporting a US$364 million net loss in the first quarter.<\/p>\n","protected":false},"author":2,"featured_media":7128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Melco International Development has approved a final dividend payment for the year ending December 31, 2019, amounting to HKD45.6 million (US$5.88 million), despite having suspended its quarterly dividend program earlier in 2020 due to a US$364 million net loss in Q1. The company's annual general meeting also re-elected key executive directors and authorized their remuneration.","focusai_entities":"Melco International Development, Lawrence Yau Lung Ho, Clarence Chung Yuk Man, Ching Wo Ng, GGRAsia","focusai_location":"Hong Kong","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.7), investor_analyst (1.0), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Dividend Rationale?","query":"What is the strategic rationale behind Melco's decision to approve a 2019 final dividend payment, given the reported Q1 2020 net loss and the prior suspension of its quarterly dividend program?"},{"label":"Liquidity & Investment?","query":"How does Melco's current liquidity position and capital expenditure plan support both the reinstated dividend payment and continued business investment amidst ongoing market uncertainties and recovery efforts?"}],"footnotes":""},"categories":[16338,163],"tags":[1619,665],"class_list":["post-7112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-hong-kong","tag-melco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7112","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=7112"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7112\/revisions"}],"predecessor-version":[{"id":777018048,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7112\/revisions\/777018048"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7128"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}