Summary by Futu AI
On 29 November 2024, MGM China disclosed its share repurchase activities on the Hong Kong Stock Exchange. On November 28 and 29, the Company repurchased 250,000 shares and 132,800 shares, respectively, at a repurchase price of HK$9.5341 and HK$9.7 per share. The total amount of this repurchase is HK$1,288,160. The repurchased shares have not been written off and will be processed in accordance with company policy.According to the announcement, the repurchase activities of MGM China have been formally authorized by the Board of Directors and are in compliance with all applicable listing rules and laws. The Company confirms that all monies due have been received and that all prerequisites for listing eligibility have been met. The repurchase activity is conducted pursuant to the repurchase authorization passed on May 31, 2024 and the total number of repurchases of the authorized shares is 380,627,672 shares.Looking ahead, MGM China will continue to conduct share management based on market conditions and company policies to ensure the maximization of shareholder value.