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MGM CHINA Nearly Pays off Revolving Loan, Resumes Div.
Recommend 3 Positive 8 Negative 2 |
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As a result of the revitalized operating performance of MGM CHINA (02282.HK) over the past 15 months, MGM Resorts International, by mutual agreement, no longer needs to provide liquidity facility to MGM CHINA, Jonathan Halkyard, CFO of MGM Resorts International and Non-Executive Director of MGM CHINA, said at the analysts' meeting. MGM CHINA has nearly paid off its revolving loan and resumed dividend declaration, Halkyard added. Therefore, MGM Resorts International received a dividend of US$94 million in 2Q24. MGM CHINA also generated significant operating cash flow, including a net operating cash inflow of US$830 million in 2023 to offset capital expenditures of approx. US$45 million. A free cash flow of approx. US$100 million was also recorded. AAStocks Financial News |
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