{"id":777011301,"date":"2023-11-21T06:26:01","date_gmt":"2023-11-21T09:26:01","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011301"},"modified":"2026-04-22T15:25:11","modified_gmt":"2026-04-22T18:25:11","slug":"mgm-china-denies-rumours-of-shareholding-reduction","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-china-denies-rumours-of-shareholding-reduction","title":{"rendered":"MGM China denies rumours of shareholding reduction"},"content":{"rendered":"\n<p>MGM China has denied that Pansy Ho Chiu King intends to reduce her shareholding.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>MGM China<\/strong> has refuted speculation that chairperson<strong> Pansy Ho Chiu King<\/strong> intends to decrease her shareholding in the gaming company.\u00a0The Hong Kong Economic Times had reported that 380 million MGM China shares deposited in the Central Clearing and Settlement System (CCASS) hinted at Ho&#8217;s divestment plans.\u00a0<\/p>\n\n\n\n<p>However, MGM China has clarified that the share rearrangement was an internal process between Ho and custodian banks, conducted in two stages: mid-October via Standard Chartered Bank (Hong Kong) and mid-November via BNP Paribas.\u00a0<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-china-posts-revenue-of-us812-52m-for-q3\" target=\"_blank\">MGM China<\/a>\u00a0recently shared its financial results for the third quarter of the year. Net revenue was HK$6.4bn (US$812.52m), up 9.7 per cent\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-china-posts-revenue-of-us741m-for-q2\" target=\"_blank\">in quarter-on-quarter terms<\/a>\u00a0and 10 per cent when compared to pre-Covid-19 levels. The casino operator reported positive adjusted EBITDA of HK$1.9bn (US$243.1m), up 122 per cent compared to the second quarter of 2019 and 7.9 per cent from the preceding quarter.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/deutsche-bank-lowers-mgm-china-2024-ebitdar-forecast\" rel=\"noreferrer noopener\">Deutsche Bank lowers MGM China 2024 EBITDAR forecast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MGM China has denied that Pansy Ho Chiu King intends to reduce her shareholding.<\/p>\n","protected":false},"author":176,"featured_media":17968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"MGM China has refuted speculation regarding chairperson Pansy Ho Chiu King's intent to reduce her shareholding, clarifying that a recent share rearrangement was an internal process with custodian banks. Concurrently, the casino operator reported robust Q3 financial results, with net revenue reaching HK$6.4bn and adjusted EBITDA at HK$1.9bn, surpassing pre-Covid-19 levels.","focusai_entities":"MGM China, Pansy Ho Chiu King, Hong Kong Economic Times, Standard Chartered Bank (Hong Kong), BNP Paribas, Deutsche Bank","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on MGM Valuation?","query":"How might the clarification regarding Pansy Ho's shareholding, coupled with the strong Q3 financial performance, influence MGM China's near-term valuation and investor sentiment?"},{"label":"Regulatory Scrutiny of Transfers?","query":"What specific regulatory reporting obligations or governance frameworks in Macau apply to internal share rearrangements of this magnitude for a licensed concessionaire, even if not a divestment?"}],"footnotes":""},"categories":[157,16338],"tags":[1618],"class_list":["post-777011301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-mgm-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011301","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011301"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011301\/revisions"}],"predecessor-version":[{"id":777040930,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011301\/revisions\/777040930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17968"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}