Jin Rong Jie·2025-08-11 12:20Group 1 - MGM China repurchased 1,000,000 shares at an average price of HKD 15.90 per share, totaling approximately HKD 15.90 million, bringing the total repurchased shares for the year to 4,002,100, which represents 0.10% of the total share capital [1] - The stock price of MGM China closed at HKD 15.92 per share, reflecting a decline of 1.24% on the same day [1] - Share buybacks are typically a strategy employed by management when they believe the company's stock is undervalued, indicating confidence in the company's future development [1] Group 2 - MGM China is a publicly listed company in Hong Kong, primarily operating integrated resort hotels in Macau, and is a subsidiary of MGM International Hotel Group [2] - The company offers a range of services in Macau, including hotel accommodation, gaming entertainment, dining, shopping, and entertainment performances, and is a major player in the Macau gaming and tourism market [2] - MGM China's hotels are known for high-quality service, luxurious facilities, and a variety of entertainment options, contributing to the development of Macau's tourism industry [2]