Pansy Ho continues share sell-down in MGM Resorts

MGM China co-chair and executive director Pansy Ho has continued her sell-down of shares in U.S-based MGM Resorts, having sold 2.45 million shares since the end of November. 

As a result, Ho’s stake in the casino operator is down to 1.78 percent following the transactions. 

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.

Last month, Ho reduced her stake down to 2.3 percent, selling 4.5 million shares for $140.2 million.