MGM China Holdings (2282) has agreed with its controlling shareholder MGM Resorts International (MGM) to acquire MGM Asia Pacific for $20 million, funded from internal resources, according to Ming Pao.
The deal is aimed at expanding MGM China into mainland China’s asset-light hotel management business. MGM Asia Pacific’s portfolio includes eight operating hotels across mainland Chinese cities and a pipeline of more than 12 active projects, as well as access to over 1.5 million members of the “MGM Lion” loyalty program.
STOCKS | MGM China to Buy MGM Asia Pacific From MGM Resorts for $20 Million
2026-07-02 11:35:58
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