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BofA Securities Maintains Melco Resorts and Entertainment(MLCO.US) With Buy Rating, Cuts Target Price to $7.2
Asian Equities Traded in the US as American Depositary Receipts Open Week Higher in Monday Trading
Melco International Development's Subsidiary Repurchases Shares for $45 Million
Melco Int'l Dev (00200.HK): Melco Resorts and Entertainment repurchased a total of 8.3354 million American depositary shares.
On August 19th, Melco International Development (00200.HK) released an announcement, stating that its subsidiary, Melco Resorts and Entertainment (which has its American Depository Shares listed on the Nasdaq Global Select Market in the USA), informed the company that, in accordance with the share repurchase plan announced on June 3, 2024 and since its adoption, Melco Resorts and Entertainment has repurchased a total of 8.3354 million American Depository Shares (equivalent to 25.0061 million shares of Melco Resorts and Entertainment), at a total cost (excluding expenses) of approximately $44.4989 million (equivalent to approximately $0.347 billion Hong Kong dollars) on the open market.
Melco Resorts & Entertainment to Quickly Raise EBITDA in Next Quarters After Weak Q2, S&P Says
Melco (MLCO) Q2 Earnings & Revenues Miss Estimates, Rise Y/Y
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