MGM China co-chairperson Pansy Ho has reduced her stake in the company’s U.S. parent, MGM Resorts international, bringing her stake in the company to 2.3 percent.
Among her many titles, Ms. Ho is an executive director and a member of the Remuneration Committee of MGM China, she is also the Managing Director and group executive chairman of Shun Tak Holdings Limited - a company involved in a majority control takeover of SJM Holdings earlier this year.
Ms. Ho’s share sale of MGM Resorts, which was conducted last week, involved the sale of 4.5 million shares for $140.2 million.
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