Melco International Development (HKG:0200) unit Melco Resorts & Entertainment bought back 32.4 million American depositary shares (ADSs) from the open market for $174 million as of Monday, April 7, a same-day bourse filing said.
Melco International has obtained advance shareholder approval to ensure the full implementation of the $500 million buyback program under which the ADSs were repurchased.
A detailed circular with additional information is expected to be distributed to shareholders by April 30.
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