MGM China buys MGM Asia Pacific for US$20 million

أم جي أم ريزورتس إنترناشيونال

MGM Resorts International

MGM

0.00

  • MGM China bought MGM Asia Pacific’s entire issued share capital for US$ 20 million under a share purchase agreement signed on June 30, 2026.
  • The deal closed immediately, making MGM Asia Pacific a direct wholly owned subsidiary and bringing MGM Hospitality’s Mainland China platform under MGM China control.
  • The acquired group runs a light-asset hotel management business with eight operating hotels and a pipeline of more than 12 projects.
  • The target company’s audited net assets were about HK$ 90 million as of Dec. 31, 2025; it posted a net loss of HK$ 617,000 in 2025.
  • MGM Hospitality Group reported 2025 revenue of RMB 80.62 million and a net loss of RMB 7.74 million; consideration was funded from internal resources.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MGM China Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260630-12223082), on June 30, 2026, and is solely responsible for the information contained therein.